TGT stock was trading over 1.54 per cent before the opening bell on Wednesday. Target Corp shares closed at over three per cent on Tuesday at NYSE. Target, which embarked on a turnaround plan under its new CEO earlier this year, reported its largest jump in comparable store sales in four years.
More customers buying in all six of Target’s main merchandising categories helped deliver the better-than-expected sales, the company said. Comparable sales — those coming from stores and digital channels operating for at least 12 months, rose 5.6 per cent in the three-month period ended May 2. The figure, which compares to a drop a year ago, marked the biggest gain since early 2022.
