Target Beats Estimates

  • Target reported comparable same store sales growth of 0.9% in Q3’17, higher than the 0.4% that analyst were expecting
  • The main reason for the beat was increased traffic which was driven by promotions
  • Target also announced that it will invest more than $7 billion in itself over the next three years to launch a private label brand, remodel existing stores, and open smaller store concepts
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