RPT-UPDATE 1-Target's online sales skyrocket as shoppers stock up from their homes [Reuters]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: Reuters
RPT-UPDATE 1-Target's online sales skyrocket as shoppers stock up from their homes (Repeats story to fix formatting with no changes to text) April 23 (Reuters) - A surge in online sales for Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer along with profit from higher costs, the retailer said on Thursday. The big box retailer said digital comparable sales had surged over 275% so far in April, with several days in the month recording more online sales than Cyber Monday, traditionally the busiest day for e-commerce companies. However, the company expects margins to drop by 5-percentage points in the first quarter due to temporary wage increases of $2 an hour for store and distribution center workers as well as higher sales of low-margin products such as groceries. The company now plans to pay higher wages until May 30. Target, along with Kroger and Costco, is among a few companies that has benefi
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News
- Target (NYSE:TGT) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Target and Dr. Squatch Introduce Kris K. from Target's Limited-Edition "Not Santa" Soap [Yahoo! Finance]Yahoo! Finance
- Target and Dr. Squatch Introduce Kris K. from Target's Limited-Edition "Not Santa" SoapPR Newswire
- Worst CEOs of the Year: Brian Cornell of Target [Yahoo! Finance]Yahoo! Finance
- Target's Black Friday giveaway is getting dragged on social media: 'That's diabolical' [Business Insider]Business Insider
TGT
Earnings
- 11/19/25 - Beat
TGT
Sec Filings
- 11/26/25 - Form 10-Q
- 11/19/25 - Form 8-K
- 11/4/25 - Form 4
- TGT's page on the SEC website