Skip to main content

Target reports strong quarterly sales, weak April sales

Shoppers spent less than Wall Street estimates expected in April. The Minneapolis-based retailer reports a key sales figure rose 1.1 percent last month. Foot, health and beauty continue to be the strongest categories. First-quarter sales were the strongest in more than six years, up 5.3 percent.
  • Author:
  • Updated:
    Original:

Shoppers spent less than Wall Street estimates expected in April. The Minneapolis-based retailer reports a key sales figure rose 1.1 percent last month. Foot, health and beauty continue to be the strongest categories. First-quarter sales were the strongest in more than six years, up 5.3 percent.

Next Up

fire truck

Explosion reported near Hastings; man airlifted to hospital

Authorities say the victim has serious injuries.

Screen Shot 2022-10-05 at 2.30.07 PM

School faces uncertain future after land sold to Catholic nonprofit

The school near Marine on St. Croix sits on land that's just been sold.

BikeCarSceneMpls

Boy suffers 'life-threatening' injuries in car-bike collision in Minneapolis

Police said the driver is cooperating with the investigation.

North Memorial Health Hospital

Man dies from gunshot wounds after Minneapolis shooting

The death marked the 69th homicide of the year in the city.

image

Gallery: Island cabin is one of northernmost homes for sale in MN

Want to buy one of the northernmost homes on the market in Minnesota?

Screen Shot 2022-09-30 at 4.54.42 PM

Charges: Houston men robbed Edina bank of $110,000

A third suspect has not yet been identified.

Arctic Monkeys

Arctic Monkeys coming to Minnesota for 2023 tour

The rock band hasn't gone on tour in the United States since 2019.

Related

Target surprises Wall Street with higher July sales

Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.

Warm weather gives Target sales a boost

The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.

Target sales beat expectations, add to strong August for retailers

Target saw sales figures climb more than four percent for the first four weeks of August. That beat the expectations of analysts who thought the Minneapolis retailer would barely clear three percent. Back to school retail spending was generally strong around the country, even though surveys show consumers are uneasy.

3M profits go up despite weak electronics sales

St. Paul-based 3M exceeded Wall Street expectations in the first quarter. The company's transportation and industrial products section made up for a softened consumer electronics market. Profits rose more than 4 percent with sales hitting $7.5 billion.

Target February sales up 8 percent to beat expectations

The Minneapolis-based retail giant says food and health care products were the strongest categories. Analysts expected a 5.2 percent rise.

Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.