Sales at Target stores climbed 3.4% in the second quarter as foot traffic increased and digital sales continued to grow.
Target's stock is on pace to open at a record high on Wednesday after the retailer posted second-quarter earnings that beat Wall Street estimates. Sales at existing Target stores climbed 3.4% in the second quarter, boosted by an expansion of the company's same-day fulfillment offerings. The company now expects full-year earnings per share to fall between $5.90 and $6.20, up from a range of $5.75 to $6.05. Shares of Target surged 15% on the strong results.
Target's stock is on pace to open at a record high on Wednesday after the retailer posted second-quarter earnings that beat Wall Street estimates. Sales at existing Target stores climbed 3.4% in the second quarter, boosted by an expansion of the company's same-day fulfillment offerings. The company now expects full-year earnings per share to fall between $5.90 and $6.20, up from a range of $5.75 to $6.05. Shares of Target surged 15% on the strong results.
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