Investors chose to focus on the stronger second quarter and pushed the stock higher in early trading.
from some consumers as well as threats, prompting the retailer to pull some products.
But this trick of doing less with more — driving profits up with sales falling — will only last so long and Target cut its outlook for the year given the recent sales results. Comparable sales for the year are now forecast to be “around a midsingle digit decline” where the company had been looking for “a wide range from a low-single digit decline to a low-single digit increase.”
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