Target (TGT) Triumph: Profits Soar 15% with Operational Excellence in Q3

Target Corp. (TGT) shares surged following a strong third-quarter earnings report, showcasing enhanced operational efficiency. Improved inventory management and reduced markdowns contributed to profits surpassing estimates, despite a decline in sales. 

Inventory dropped by 14% from the previous year, marking a consistent trend. The stock experienced its most significant rise since August 2019, soaring up to 15% in New York trading.