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Outstanding Q2 earnings for Target

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The pandemic had nothing on Target

Target posted Q2 earnings that left Wall Street speechless. 

The pandemic pushed people to online shopping, which elevated the company's profit by 80.3% to $1.7 billion. The overall digital sales, including curbside pickup and delivery, increased by 195%. 

One of the US’s favorite retailers had revenues of $23 billion, surpassing the expected $20.09 billion. The adjusted EPS came in at $3.38 per share. Analysts were looking for $1.62/share.

Same-store sales reported a growth of 24.3%, more than three times higher than the 7.6% forecasted.

Target reported a 70% increase in sales of electronics. The smallest increase was in food and beverage segments – 20%.

As far as its user-base is concerned, it added 10 million new customers.

For the rest of the year, Target didn't project any figures given the pandemic's uncertainty.

Following the report, Target stock price surged almost 13%, bringing the company's market cap at $77 billion. 

See how other American retailers have done in Q2 on!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.