U.S. Stock Market News | Q2 Same-store Sales Breaks Four Consecutive Quarters of Decline, Target Surges Over 13%
On Wednesday, Target's stock price rose, with the stock up over 13% to $162.54 as of the time of publication. Target's second-quarter sales increased by 2.6% year-on-year to $25.02 billion, higher than the market's expected $24.88 billion; same-store sales increased by 2%, surpassing the market's expected 1.07% and breaking the 5.4% decline from the same period last year, ending a four-quarter contraction trend. U.S. retail stocks rose across the board, with TJX Companies up over 5.6%, Ross Stores up nearly 4%, and Dollar General up over 2%
According to the Wise Finance APP, on Wednesday, Target (TGT.US) saw its stock price rise, with the stock up over 13% to $162.54 at the time of publication. Target's second-quarter sales increased by 2.6% year-on-year to $25.02 billion, higher than the market's expected $24.88 billion; comparable store sales rose by 2%, surpassing the market's expected 1.07%, compared to a 5.4% decline in the same period last year, breaking a shrinking trend for four consecutive quarters.
American retail stocks rose across the board, with TJX Companies (TJX.US) up over 5.6%, Ross Stores (ROST.US) up nearly 4%, and Dollar General (DG.US) up over 2%