March 3 (Reuters) - Target TGT.N forecast annual sales above estimates on Tuesday as the retailer prepares for a new era under CEO Michael Fiddelke, betting on demand for categories such as apparel at its stores, as well as benefits from recent cost saving efforts and its advertising business.
Target shares rose 4% in premarket.
The company expects 2026 net sales growth of 2%, compared with expectations of a rise of 1.76%, according to data compiled by LSEG.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.