Target Will Report Earnings Before the Bell. Here's What to Expect
Inventory was still high, though: $15.32 billion at the end of the second quarter, compared with $15.08 billion at the end of the first.
In the second quarter, the company's net income fell to $183 million, or 39 cents per share, from $1.82 billion, or $3.65 per share, a year earlier. Target, on the other hand, said it is not seeing as much inflation-fueled change. Sales by unit grew in all five of its major merchandise categories, with particular strength in two categories: food and beverage, and beauty and household essentials.Comparable sales, a key metric that tracks sales online and at stores open at least 13 months, grew 2.6% in the second quarter, on top of 8.9% growth last year. That fell just short of estimates, which anticipated a 2.
Fiddelke said consumers vary by geography and income level, and they seek value in different ways. For example, some are buying bigger packs to save more per unit or trying one of Target's lower-priced private labels instead of a national brand.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin Tops $25,000 for the First Time Since June Before SlippingBitcoin briefly topped $25,000 to hit its highest level in June before falling sharply as the cryptocurrency struggles to make any significant move higher.
Weiterlesen »
White Flight | Vanity Fair | June 2021On January 5, 2021, a private jet took off from Memphis, headed for Washington, D.C. Onboard were eight members of Memphis’s country-club elite, on their way to answer the call issued by former president Trump to “Stop the Steal.” VFArchive VFArchive
Weiterlesen »
Ald. Derrick Curtis Fined $1K for Using His City Email to Tout Lightfoot’s Reelection KickoffThe Chicago Board of Ethics voted unanimously to fine Ald. Derrick Curtis $1,000 for violating the city’s ethics ordinance by using his official city of Chicago email account to advertise Mayor Lori Lightfoot’s reelection kickoff.
Weiterlesen »
BHP's profit soar in 2022Diversified miner BHP has reported a 34% increase in profits for the year ended June, along with record underlying earnings before interest, tax, depreciation and amortisation (Ebitda). Profit from operations reached $34.1-billion in the year ended June, and underlying EBITDA reached a record $40.6-billion at a record margin of 65% for continuing operations.
Weiterlesen »
Dear Dr. June: Our son wants his pregnant girlfriend to live with us while he finishes collegeHe says he’ll get a job and a place when he finishes school.
Weiterlesen »
Streaming Services Deal With More Subscribers Who ‘Watch, Cancel and Go’Nearly one-fifth of subscribers to premium services such as Netflix, Hulu and HBO Max canceled three or more subscriptions in the two years up to June, new data show.
Weiterlesen »