Target Says Cyber Crime Doesn’t Count When It Reports Earnings – ValueWalk Premium
Target earnings

Target Says Cyber Crime Doesn’t Count When It Reports Earnings

The practice of companies using their own, non-GAAP accounting standards to spin earnings is nothing new. But did last week's statement from Target Corporation (NYSE:TGT) go too far?  The Minneapolis-based retailer’s spokesman Eric Hausman was quoted as saying it will exclude from its accounting statements costs from a recent technology breach where 40 million of its customer credit and debit card accounts were hacked and customer’s private information stolen.

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