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Target impresses in Q1 with sales gains across its key categories (TGT:NYSE)

TGT
Corporate EarningsConsumer Demand & RetailCompany Fundamentals
Target impresses in Q1 with sales gains across its key categories (TGT:NYSE)

Target rose in early trading after reporting improved first-quarter results, with sales up 6.7% year over year to $25.4B for the quarter ended May 2. The company said sales increased across all six core merchandising categories, signaling broad-based strength in retail fundamentals.

Analysis

Target rose in early trading after reporting improved first-quarter results, with sales up 6.7% year over year to $25.4B for the quarter ended May 2. The company said sales increased across all six core merchandising categories, signaling broad-based strength in retail fundamentals.

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Market Sentiment

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moderately positive

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0.55

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TGT0.58