Shares of Minnesota-based retail giant Target (TGT) were down 2.2%, at the time of writing, in early trade on Wednesday even after the company reported robust financial results for the second quarter of 2021. Target’s stores offer food products and general merchandise across all U.S. states and the District of Columbia. Adjusted earnings per share (EPS) grew nearly 8% year-over-year to $3.64, beating the Street’s estimate of $3.49 per share. Total revenues increased 9.5% to $25.2 billion, just above analysts’ expectations of $25.08 billion. Sales grew 9.4% year-over-year to $24.8 billion and other revenue surged 20% to $334 million. Store comparable sales rose 8.
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Target (NYSE:TGT)
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