Target's Promotional Price Cuts Fuel Upgraded FY Revenue Outlook
Dow Jones
Aug 19
Target raised its full-year net sales growth guidance to around 5%, one percentage point higher than prior expectations. The upgrade follows broad strength across all six core merchandise categories in 2Q, with double-digit growth in Fun 101 and high single-digit gains in Food & Beverage and Beauty. The company has lowered prices on more than 10,000 frequently purchased items over the past year, CEO Michael Fiddelke said.
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