Target is set to report earnings before the bell. Here's what the Street expects

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The big-box retailer will report its holiday-quarter earnings and share its strategy to sustain pandemic-related gains at an investor day Tuesday.

compared with the same period a year earlier. Customers shopped more frequently with the company and bought more when they did. Combined transactions online and in stores rose 4.3% and average tickets grew by 12.3% during the two-month period compared with a year earlier, the company said.

Analysts expect the retailer's same-store sales to jump by 16.8% for the fourth quarter, according to StreetAccount estimates. In the months ahead, Target will face challenging comparisons because of its heightened sales levels during the global health crisis. It will have to hold on to customers and their wallets as Covid-19 cases decline and more Americans get vaccinated, which could prompt people to potentially return to old habits.

As of Monday's close, Target shares have risen nearly 81% over the past year and brought the company's market value to $93.19 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's boring to sit at home alone, looking for someone to spend time with

Canada Canada Latest News, Canada Canada Headlines

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

Investment firms, private equity advocacy group hire lobbyists as lawmakers target tax loopholesInvestment firms and a private equity advocacy group are lobbyists as lawmakers take aim at tax loopholes. Wilhelmdenni my investments With him has been so profitable and I would love to recommend him to everyone who is interested in boosting up their financial situation Wilhelmdenni I thought the lobbyists were always on their payrolls.
Source: CNBC - 🏆 12. / 72 Read more »