Target Corp. reported a record-setting second-quarter early Wednesday, with profits and comparable sales bolstered by market share gains and customer service options across digital platforms that drove shoppers to stores.
Revenue totaled $22.98 billion, up from $18.42 billion last year and ahead of the FactSet outlook for $19.97 billion. See:Walmart says government stimulus money bolstered Q2’s blowout results and analysts are concerned now that it’s been spent“In the current environment, each of our categories is operating very well,” Brian Cornell, Target’s chief executive, said on a call with media. Apparel made the biggest turnaround, according to Cornell, going from a 20% decline in the first quarter to double-digit growth in the second quarter.
No real surprise. If you ordered anything from $TGT in the past 4 months, you know their fulfillment is already better than $AMZN.
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