Shares of merchandise retailer Target Corp. (TGT) (GB:0ID8) are down 3% halfway into today's trading session after the company’s second-quarter numbers failed to surpass the Street’s estimates. Revenue inched upwards by 3.5% year-over-year to $26.04 billion but fell short of the consensus by $30 million. Target's EPS of $0.39 missed expectations of $0.79. During the quarter, comparable sales grew by 2.6%, with gains across the Food & Beverage, Beauty, and Household essentials categories. Additionally, the retailer also made unit share gains across all five of its merchandise categories. While digital comparable sales increased by 9%, over 95% of Q2 sales were fulfilled by the company’s stores.
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Target (NYSE:TGT)
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