Target (TGT) Says Q2 Should Not be Predictor of Long-Term Performance, August Comp Sales in Low Double-Digits - Bloomberg
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Target hits sales record on online surge, says August start 'solid'
August 19, 2020 6:34 AM EDTBy Aishwarya Venugopal and Melissa Fares
(Reuters) - Target Corp (NYSE: TGT) on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as customers took advantage of the retailer's quick and contact-free delivery to shop for clothes, videogames and home decor.
Shares of the Minneapolis-based retailer jumped around 12% to a record high of $153.77 in morning trading after it handily trounced estimates for quarterly profit and revenue.
The surging demand seen at big-box chains at the height of the lockdown caused by the coronavirus pandemic has... More
Target (TGT) Tops Q2 EPS by $1.76
August 19, 2020 6:32 AM EDTTarget (NYSE: TGT) reported Q2 EPS of $3.38, $1.76 better than the analyst estimate of $1.62. Revenue for the quarter came in at $22.98 billion versus the consensus estimate of $20.09... More
