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 Новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 47. in RU

Россия Последние новости, Россия Последние новости