Target says digital sales soared 141% in first quarter
Target Corp. beat first-quarter earnings and revenue expectations with help from its digital sales capabilities as e-commerce grew by 141% during the period.Target TGT, -1.10% reported first-quarter net income of $284 million, or 56 cents per share, down from $795 million, or $1.53 per share, last year. Adjusted EPS of 59 cents beat the FactSet consensus of 44 cents.
Read:Bubble Wrap maker Sealed Air and Simplehuman CEO are prepping for a touchless future after the coronavirus pandemic For Target, the stay-at-home period was also a chance for consumers to see the investment that the company has been making in the food and beverage categories over the past few years. Sales in these items grew 20%.
Walmart said it spent about $900 million, and Home Depot spent $850 million in the most recent quarter.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Target Announces Designer Dress Collection With Cushnie, LoveShackFancy, and Lisa Marie FernandezTarget's new Designer Dress collection, featuring pieces from Cushnie, LoveShackFancy, and Lisa Marie Fernandez, will launch on June 6.
Lire la suite »
Cushnie, Lisa Marie Fernandez & LoveShackFancy Teamed Up With Target For An Affordable Collection Of DressesTarget's Designer Dress Collection is size-inclusive, under-$60, and undeniably chic.
Lire la suite »
Target announces new Designer Dress Collection with LoveShackFancy, Cushnie coming in JuneTarget is extending the $2-an-hour temporary wage increase due to the pandemic for employees through July 4 and announced a new designer collection.
Lire la suite »
Target Is Releasing a Collection of Designer Dresses This SummerThe retailer teamed up with Cushnie, Lisa Marie Fernandez and LoveShackFancy to create a limited-edition, affordable and size-inclusive range of frocks.
Lire la suite »
Target Sparks Instant Joy With Its New Designer Dress Collab, Retailing For Under $60See all the photos of the new Target Designer Dress Collaboration with LoveShackFancy, Cushnie, and Lisa Marie Fernandez.
Lire la suite »
Target Announces Designer Dress Collection With Cushnie, LoveShackFancy, and Lisa Marie FernandezTarget's new Designer Dress collection, featuring pieces from Cushnie, LoveShackFancy, and Lisa Marie Fernandez, will launch on June 6.
Lire la suite »