Target: people buy more and more food online

By: Trademagazin editor Date: 2020. 05. 26. 11:02

Target, one of the U.S.’s major grocery retail chains, closed a good quarter. The company posted earnings per share of 59 cents during the quarter, beating analysts ’expectations by 19 cents.

In terms of sales, the company also performed above the forecast. Sales in existing stores increased 10.8 percent, exceeding expectations on this line as well. It is reassuring that the company’s e-commerce branch was responsible for the most significant part of the growth -the Equilor Befektetési Zrt. drew attention. (agroforum.hu, Gadóc György)