Target Still Has One Item Way Cheaper Than Walmart—Its Stock
·1 min
Target announced that its comparable sales increased by 2% in the quarter ending on August 3, beating Wall Street’s expectation of 1.3% growth. This marked an improvement for Target, ending four consecutive quarters of declining comparable sales. In addition, the company reported a 43% increase in net income, surpassing analysts’ forecasts. Following the positive news, Target’s shares surged by 14% after the earnings call on Wednesday morning.