Target (TGT) Posts 5.3% Sales Growth, Hikes Full-Year Guidance
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowTarget (TGT) reported a 5.3% increase in net sales for its fiscal second quarter, supported by a $752 million tariff refund. Comparable sales rose 3.8%, exceeding Wall Street's estimate of 2.4%. The retailer raised its full-year net sales growth guidance to around 5% and expects earnings per share (EPS) between $9.90 and $10.90, up from a prior range of $7.50 to $8.50. Despite strong results, Target shares saw a 1% decline in premarket trading, reflecting cautious investor sentiment about the company's ongoing turnaround efforts.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Target Corporation (TGT)
Target is a major U.S. general-merchandise retailer.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Earlier TGT news
- Walmart (WMT) and Target (TGT) Earnings Reports Set to Reveal Consumer Health
- Target (TGT) Appoints Chandhu Nair as Chief AI Officer
- Target (TGT) Stock Price Target Raised to $150 by Guggenheim
- Survey Shows 72% of LGBTQ+ Consumers Reduce Spend at Target (TGT)
- Target (TGT) Recalls Baby Wipes Over Contamination Risk
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