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 Nieuws

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines