Target (TGT) Q2 2020 earnings blow away estimates


Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that drove profits up by an eye-popping 80.3% to $1.7 billion. 

Sales online and at stores open for at least a year climbed by 24.3% during the quarter ended Aug. 1— an all-time high for the retailer. Same-store sales climbed by 10.9% while the company’s digital sales nearly tripled from a year earlier.

Shares jumped by nearly 9% in premarket trading.

Here’s how the company did in the second quarter versus what analysts forecast, based on average estimates compiled by Refinitiv:

  • Adjusted EPS: $3.38, vs. $1.62…


U.S. private equity giant banishes staff from the office for 14 days if they use buses or trains, over coronavirus fears

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