Target Q4 earnings beat estimates, CEO strikes cautious tone as consumer spending shifts

We Banner, starting $17 per hour, Target Store, Boston, Massachusetts.  (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)

Target ( TGT ) released fiscal fourth-quarter results before the market opened on Tuesday that beat estimates as consumer spending deviated from discretionary categories. The Minneapolis-based retailer saw same-store sales increase 0.7%, above Wall Street estimates of -1.74%. Similar to Walmart’s ( WMT ) latest quarterly results, consumer spending at Target appears to be shifting …

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