Target Upgrades Outlook on 'Improved Traffic and Sales' in Q2's First 2 Months
Target revised its guidance higher for Q2, citing improved traffic and sales trends in the first two months of the quarter “despite continued challenges in the competitive environment,” said CEO Brian Cornell in a Thursday announcement. The retailer expects to…
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report a “modest increase” in Q2 comparable sales and Q2 earnings per share above the high end of its previous guidance range of $0.95 to $1.15, it said. The company is to report Q2 financial results Aug. 16. Target shares closed 4.8 percent higher Thursday at $53.31.