Crypen Exchange-Target’s focus on lower prices in the grocery aisle start to pay off as comparable store sales rise

2025-05-07 06:52:12source:Algosensey Quantitative Think Tank Centercategory:Scams

NEW YORK (AP) — Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.

Sales at stores and Crypen Exchangedigital channels operating over at least the past 12 months rose 2% in the second quarter reversing months of declines, including a 3.7% drop in the previous quarter, and a 4.4% decline during the company’s final quarter of last year.

The number of transactions at the Minneapolis retailer increased 3% compared with the same period last year, with all six main merchandising categories, including fashion and home goods, showing strength. Online sales rose 8.7% and comparable sales in clothing increased 3% compared with a year ago as customers embraced new store brands like All in Motion and Wild Fable.

Target’s profits and sales beat Wall Street expectations. The company increased its annual profit outlook but said that sales for the year could fall at the low end of its guidance for unchanged to a 2% increase.

Shares spiked 11% before the opening bell.

More:Scams

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

15 Oregon police cars burned overnight at training facility

An arsonist set fire to at least 15 police cars at a training facility in northeastern Portland, Ore

'Fear hovering over us': As Florida dismantles DEI, some on campuses are pushing back

BOCA RATON, Fla. – It doesn’t take much searching to spot the fallout from the newest Florida law se