Target’s board has authorized a new $15 billion share repurchase program
Target Corp. added to the evidence of a retail slowdown after COVID-19 highs, reporting the second-quarter rate of sales growth that slowed, though results beat expectations.Target’s TGT, -2.90% second-quarter net income totaled $1.82 billion, or $3.65 per share, up from $1.69 billion, or $3.35 per share, last year. Adjusted EPS of $3.64 beat the FactSet consensus for $3.51.
Digital comparable sales were up 10%, with same-day services such as order pickup and Drive Up popular with customers. . Buybacks under this new program will begin with the previous program, authorized in 2019, is complete. There was $1.8 billion remaining in that previous program at the end of the second quarter.
On Tuesday, Walmart Inc. WMT, -0.03% reported earnings and sales that missed expectations, but digital sales growth dropped to 6% after nearly doubling the previous year.See: Walmart and Home Depot beat earnings expectations but a number of factors are putting a squeeze on the consumer shopping spree
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BLACKPINK Merch Has Landed at TargetGo back to school, BLACKPINK style.
Consulte Mais informação »
Ulta Beauty at Target Opens First 52 Doors.UltaBeauty at Target 1,000-square-foot shops-in-shop feature about 50 prestige beauty brands.
Consulte Mais informação »
Endeavor’s Q2 Revenue Slightly Misses Target, Operating Losses Widen, But Firm Raises Full-Year Guidance As Production, Live Events ReturnEndeavor Group Holdings, which is navigating the return of production and live events after the worst of the Covid-19 pandemic, reported mixed second-quarter results. The company said revenue in th…
Consulte Mais informação »
‘Free Guy’ Beat Box Office Expectations, but Movie Theaters Still Have a Big ProblemDisney may have a new film franchise on its hands after “Free Guy” beat box office expectations. For theater owners, however, the victory comes at a time when moviegoing remains severel…
Consulte Mais informação »