Target's second-quarter profit unexpectedly jumps 17%, company hikes earnings outlook

The strong momentum in the first half of the fiscal year prompted Target to raise its full-year estimates.Back-to-school shopping at a Target store in West Hollywood, California.'s second-quarter profit jumped 17%, beating Wall Street estimates and prompting the company to raise its outlook for the rest of the year, the company said Wednesday.

"By appealing to shoppers through a compelling assortment, a suite of convenience-driven fulfillment options, competitive prices and an enjoyable shopping experience, we're increasing Target's relevancy and deepening the relationship between our guests and our brand," Cornell said in a statement announcing the earnings results.

Total revenue grew 3.6% to $18.42 billion from $17.78 billion a year ago, topping estimates for $18.34 billion.

pstt the secret formula they have is that Target card they push on customers at check out. 'Save 3% on every purchase' is what they tell customers. This formula only works until budgets become tight.

CNBC using their Pump n Dump to prime fashion this morning. Eliminate bad data and news, show anything up over 5%. No need to mention it is up because of a beat on very 'lowered' estimates. Amazingly corrupt!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

17 Teachers Who Absolutely Deserve A Gold StarGive these teachers all the awards, please. inspiring Media, (like BUZZFEED) Libbies, Democrats will lie through their teeth & feed you propaganda. America's economy is doing great. Dems should be happy...there's more money for them to steal from America. GODDAMN CROOKS!!! DarthHockey 3 is a sad indictment. That teacher is great. The fact he has to do that is pathetic
Source: BuzzFeed - 🏆 730. / 51 Read more »

17 Rom-Coms That Absolutely Nailed Their Final Scenes'I came here tonight because when you realize you want to spend the rest of your life with somebody, you want the rest of your life to start as soon as possible.' Y’all really put hitch in there but not sixteen candles The end of Always Be My Maybe gets me every time!!
Source: BuzzFeed - 🏆 730. / 51 Read more »

This 17-Year-Old's Insanely Viral TikTok Of Her Cat Is Taking Over The InternetSet to the 1954 song 'Mr. Sandman' by the barbershop group the Chordettes, the 12-second video has taken the internet by storm. *waiting on the full music video to drop* heyRatolina el gatito se llama Ed 🥰 I love him
Source: BuzzFeed - 🏆 730. / 51 Read more »

17 'I'm Cancer-Free' Reactions That Are Beautiful And HeartwarmingCongratulations, y'all.
Source: BuzzFeed - 🏆 730. / 51 Read more »

17 'Green' Ideas That Seem Small But Could Make A Huge DifferenceMORE PASTA! FEWER STRAWS! The old tire mulch is pretty gross actually. We raised money in my hometown to remove it and replace it with wood chips. Super gross for the environment. 🙂
Source: BuzzFeed - 🏆 730. / 51 Read more »

17 Last-Minute Potluck Ideas That Feed a Crowd in No Time FlatIt's never too late: You can still whip something up!
Source: Food52 - 🏆 113. / 63 Read more »