Target's 1Q Earnings Beat Expectations
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MINNEAPOLIS (WCCO) -- Sales at Target during the first quarter of 2019 were better than Wall Street expected.
The Minneapolis based retailer says its sales increased by nearly 5%.
This is partly due to the growth in Target's digital sales, which went up 42% during the first quarter.
"Target had an outstanding first quarter, as our team delivered a great experience for our guests and drove strong growth in traffic, comparable sales, operating income and earnings per share," said Brian Cornell, Chairman and CEO of Target Corporation.
Target turned a $795 million profit.
On Wednesday, their stock jumped up more than 9%.
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