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00:02Target reported stronger second quarter sales and raised its full year outlook as tariff refunds boosted earnings, according to CNBC.
00:09Revenue rose 5.3% to $26.54 billion, topping the $26 by $14 billion Wall Street estimate.
00:18Comparable sales increased 3.8% ahead of the 2.4% estimate, while digital comparable sales climbed 8.7%.
00:27Target reported earnings of 4.11 per share, including a 1.65 per share benefit from tariff refunds.
00:34The retailer raised its full year net sales growth forecast to about 5%.
00:38It expects full year earnings of $9.90 to $10.90 per share, including the refunds, or $8.25 to
00:46$9.25, excluding them.
00:48Target said all six major categories grew, though apparel and home lagged other segments.
00:54Shares fell about 1% in pre-market trading.
00:56For all things money, visit Benzinga.com.
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