Target soars 9% after crushing earnings and reporting record same-store sales jump (TGT) | Markets Insider

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Target soars 9% after crushing earnings and reporting record same-store sales jump

Adjusted earnings per share:Target also reported that same-store sales rose by more than 24% in the last quarter that ended August 1, a record high for the retailer and nearly three times higher than the 8.6% jump analysts expected.

Digital same-store sales during the quarter rose 195%, and same-day service sales — including curbside pick up, drive up, and Shipt — grew 273% from a year earlier and accounted for about 6 percentage points of total comparable sales growth, the company said in a statement.

 

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