NEW YORK (AP) — Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.
Sales at stores and Evander Reeddigital channels operating over at least the past 12 months rose 2% in the second quarter reversing months of declines, including a 3.7% drop in the previous quarter, and a 4.4% decline during the company’s final quarter of last year.
The number of transactions at the Minneapolis retailer increased 3% compared with the same period last year, with all six main merchandising categories, including fashion and home goods, showing strength. Online sales rose 8.7% and comparable sales in clothing increased 3% compared with a year ago as customers embraced new store brands like All in Motion and Wild Fable.
Target’s profits and sales beat Wall Street expectations. The company increased its annual profit outlook but said that sales for the year could fall at the low end of its guidance for unchanged to a 2% increase.
Shares spiked 11% before the opening bell.
2025-05-08 06:47843 view
2025-05-08 06:131272 view
2025-05-08 05:482116 view
2025-05-08 05:362926 view
2025-05-08 05:362730 view
2025-05-08 05:182038 view
The General Staff of the Ukrainian Armed Forces denied Russian President Vladimir Putin's claim Satu
U.S. shoppers have continued to pull back on tech spending, according to the latest earnings report
ATLANTA (AP) — Eleven people on a Delta Air Lines flight were taken to the hospital on Tuesday after