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Target Q2 $23 billion

Christian Fernsby ▼ | August 19, 2020
Target reported second quarter revenues for the period totaled $23.0 billion, up 24.7 percent from last year.
Target   Total comparable sales jumped 24.3 percent
Total comparable sales or sales at stores open for at least a year, jumped 24.3 percent, reflecting digital sales growth of 195 percent.

Topics: Target

Stores fulfilled more than 90 percent of the company's second quarter sales.

"Our second quarter comparable sales growth of 24.3 percent is the strongest we have ever reported.

"Our stores were the key to this unprecedented growth, with in-store comp sales growing 10.9 percent and stores enabling more than three quarters of Target's digital sales, which rose nearly 200 percent.

"We also generated outstanding profitability in the quarter, even as we made significant investments in pay and benefits for our team," said Brian Cornell, CEO of Target Corp.