Target Tops Profit Estimates After Revamping Product Lineup
Target Tops 1Q Earnings on Revamped Product Lineup
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Target Corp. topped first-quarter earnings estimates after refining its product lineup, a sign Chief Executive Officer Brian Cornell is getting the retail chain back on track following years of missteps.
Excluding some items, earnings amounted to $1.10 a share in the period, which ended May 2, the Minneapolis-based company said today in a statement. Analysts had predicted $1.02 on average, according to data compiled by Bloomberg.