Target (NYSE: TGT) is soaring 12% higher in morning trading Wednesday, after the department store chain blew the doors off earnings with a record quarter. While a number of retailers have reported better-than-expected results amid a catastrophe for the broader industry, Target saw its best comparable-store sales gain ever and the doubling of online revenue over the year-ago period. In addition, it was still able to post gains at its stores, something even Walmart couldn't do. Read More...
Why Target Is Soaring Today
Target (NYSE: TGT) is soaring 12% higher in morning trading Wednesday, after the department store chain blew the doors off earnings with a record quarter. While a number of retailers have reported better-than-expected results amid a catastrophe for the broader industry, Target saw its best comparable-store sales gain ever and the doubling of online revenue over the year-ago period. In addition, it was still able to post gains at its stores, something even Walmart couldn’t do.
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