Target (TGT) Reports 6% Net Sales Growth, Beats Q1 Estimates
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowTarget (TGT) reported a 6% year-over-year increase in net sales, surpassing Wall Street expectations. The company's earnings per share came in at $1.71 against the estimated $1.46, and revenue reached $25.44 billion, exceeding projections of $24.64 billion. Target also revised its full-year revenue outlook to anticipate a 4% growth compared to 2025, up from a previous forecast of 2%. Additionally, same-store sales rose by 5.6%, marking the first positive increase in five quarters, driven by an overall increase in traffic and digital sales.
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.
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