Target Q4 earnings topped consensus

March 03, 2021
Target Q4 earnings topped consensus

Sales surged, as the retailer took advantage of the pandemic-related restrictions.

One of the largest US retailers, Target, posted fiscal fourth-quarter 2020 earnings that topped estimates.

For the past quarter, the company reported an EPS of $2.67 on revenues of $28.34 billion. Both figures came ahead of the consensus of $2.54, and $27.48 billion, respectively. Also, Target’s net income increased 66% to $1.38 billion.

Its same day curbside pickup and home delivery increased considerably. The former grew 500%, while the latter surged 212% compared to the previous quarter figures.

After the news hit the wires, Target stock price added 1%.

Source: cnbc.com

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