Target: Saw Better-Than-Expected 2Q Profitability in the Face of Softer-Than-Expected Sales
Portfolio Pulse from Benzinga Newsdesk
Target Corporation reported better-than-expected profitability for the second quarter despite softer-than-expected sales.
August 16, 2023 | 10:35 am
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POSITIVE IMPACT
Target Corporation's better-than-expected 2Q profitability could potentially offset the impact of softer sales.
Despite softer-than-expected sales, Target Corporation reported better-than-expected profitability for the second quarter. This could potentially offset the impact of softer sales on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100