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 ...

A sign displayed near school supplies at a Target store in New York City informs students that they ... [+] can use the Target app to search for their school and find the list of required supplies. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images)UCG/Universal Images Group via Getty ImagesTarget (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal second-quarter results on Wednesday, August 21. We expect Target's stock to likely trade higher pas ...

Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations")WHO: Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found b ...

Set to report its Q2 results on Wednesday, August 21, Target (TGT)  will be hoping to follow Walmart’s (WMT)  footsteps with its omnichannel retail peer exceeding quarterly top and bottom line expectations last Thursday.Notably, Walmart’s stock is up +7% since its strong Q2 results and has now soared +40% year to date to largely outperform Target’s +2%. That said, let’s see if a post-earnings rally could be in store for Target and if it's time to buy TGT for a sharper rebound.Image Source: Zacks Investment ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...