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%.
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