Target's (TGT) Q2 Earnings Surpass Estimates, Comps Rise
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This operator of general merchandise stores reported adjusted earnings of $3.38 per share that surpassed the Zacks Consensus Estimate of $1.64, and rose sharply from $1.82 per share reported in the year-ago period. Impressively, solid operating performance helped offset unprecedented investments in team member pay & benefits amid the coronavirus crisis.
The company generated total revenues of $22,975 million that increased 24.7% from the year-ago period and outpaced the Zacks Consensus Estimate of $20,235.1 million. We note that sales jumped 24.8% to $22,696 million, while other revenues were up 16.6% to $279 million.
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https://finance.yahoo.com/news/targets-t...1597928073
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This operator of general merchandise stores reported adjusted earnings of $3.38 per share that surpassed the Zacks Consensus Estimate of $1.64, and rose sharply from $1.82 per share reported in the year-ago period. Impressively, solid operating performance helped offset unprecedented investments in team member pay & benefits amid the coronavirus crisis.
The company generated total revenues of $22,975 million that increased 24.7% from the year-ago period and outpaced the Zacks Consensus Estimate of $20,235.1 million. We note that sales jumped 24.8% to $22,696 million, while other revenues were up 16.6% to $279 million.
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https://finance.yahoo.com/news/targets-t...1597928073
![[Bild: TGTc1dl0854.png]](https://finviz.com/publish/082020/TGTc1dl0854.png)
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