Target cut prices on 5,000 products. Now it's back with a big earnings beat.

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Target News

Brian Cornell,Walmart

Target shredded Wall Street profit forecasts by $0.39 on Wednesday on the back of renewed traffic to stores.

on milk, meat, and bread in this inflation-battered economy, and the consumer is going to notice while wandering the supermarket aisles.

As Target CEO Brian Cornell tells it, the retailer's comeback quarter reflects a steady dose of price cuts this summer on 5,000 daily essentials — items where Target was losing market share to rival Walmart , vs. estimates for $9.22.Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.

 

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

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines