Target results: comparable sales increased 6.5%, digital sales were up 41 percent YoY

Looks like they’ve followed in the footsteps of Walmart and reports solid earnings.

In premarket trading, Target was soaring 6% to $88.16 a share.

adjusted earnings per share of $1.47

Revenue: $17.78 billion vs. $17.28 billion expected

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Same-store sales: up 6.5 percent vs. an increase of 4 percent expected

Comparable digital sales increased 41%, which tops the growth of 32% reported a year ago.

If you’ve run out of free articles to read on Bloomberg it’s also covered here,


h/t EducationUmbrella


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