About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Target Corp (NYSE:TGT) announced better-than-expected second-quarter earnings and revenue earlier, with sales rising as consumers splurged on discretionary items. While the retailer kept its full-year sales forecast, it raised its profit outlook. At last check, TGT was up 16.1% to trade at $166.29.Shares are bouncing off their lowest level since November, and are also on track for their best single-day percentage gain this year. TGT hit its highest level in about four months and is now looking to close abo ...

Key TakeawaysTarget shares jumped Wednesday after the retailer posted second-quarter earnings that beat expectations.Comparable store sales returned to growth in the quarter, as Target said traffic in stores and digital sales grew from the same time last year.The retailer lifted its projections for full-year profits, thanks to the strong second-quarter results. Target (TGT) shares soared Wednesday after the retailer's second-quarter earnings beat estimates, leading Target to lift its projections for full-ye ...

Target’s earnings and revenue beat Wall Street’s forecasts in the latest sign that shoppers are flocking to discount chains as inflation has left prices stubbornly high.The “cheap chic” retailer raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.Shares of the Minneapolis-based retailer rose 11% in pre-market trading, after the chain said it expects 2024 profit in the r ...

Target (TGT) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.98%. A quarter ago, it was expected that this retailer would post earnings of $2.05 per share when it actually produced earnings of $2.03, delivering a surprise of -0.98%.Over the last four quarters, the company has surpa ...

There's no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday.In an interview on CNBC's "Squawk Box," the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business.He was asked by CNBC's Joe Kernen, who referred to comments by Democratic presidential candidate Vice President Kamala Harris and asked if Target or its competitors ever benefit from pr ...

Exhibit 99 FOR IMMEDIATE RELEASE Contacts: John Hulbert, Investors, (612) 761-6627 Jennifer Kron, Media, (612) 696-3400 Target Corporation Reports Second Quarter Earnings • Second quarter comparable sales increased 2.0 percent, at the high end of the Company's expectations. ◦ Traffic grew 3 percent in the second quarter as compared to the prior year, with all six core merchandising categories delivering traffic growth. ◦ Digital comparable sales grew 8.7 percent. Same-day services saw double digit growth, l ...

MINNEAPOLIS, Aug. 21, 2024 PRNewswire/ -- Second quarter comparable sales increased 2.0 percent, at the high end of the Company's expectations.Traffic grew 3 percent in the second quarter as compared to the prior year, with all six core merchandising categories delivering traffic growth.Digital comparable sales grew 8.7 percent. Same-day services saw double digit growth, led by low teens growth in Drive Up and Target Circle 360™ same-day delivery.Discretionary sales trends continued to improve meaningfully, ...

CHICAGO, ILLINOIS - AUGUST 16: Customers shop at a Target store on August 16, 2023 in Chicago, ... [+] Illinois. Target’s quarterly sales fell for the first time in six years which is being attributed in part to consumer backlash from the sale of Pride Month merchandise. (Photo by Scott Olson/Getty Images)Getty ImagesTarget is scheduled to report earnings before Wednesday’s open. The stock hit a record high of $268.98/share in 2021 and is currently trading near $144. The stock is prone to big moves after re ...

A focus on value for consumers and private-label items could help Target Corporation TGT win market share and boost shares, analysts say ahead of a second-quarter earnings report coming Wednesday before the market opens.Earnings Estimates: Analysts expect Target to report second-quarter revenue of $25.23 billion according to data from Benzinga Pro.The company reported revenue of $24.77 billion in last year's first quarter. Target has beaten analyst estimates for revenue in three straight quarters and seven ...