Target: Q1 net income reaches 718 million dollars

(CercleFinance.com) - On Wednesday US discount store Target announced Q1 2018 net income of 718 million dollars, against 678 million dollars in Q1 2017 (up 5.
9%).

Likewise, sales increased to 16.8 billion dollars from 16.2 billion dollars a year earlier. Meanwhile, EPS reached 1.33 dollar (+9.1%).

The chain of stores is in the middle of restructuring its business. Over the first quarter, it revamped 56 stores and opened 7 new stores, having introduced 3 new brands and jointly launched a new Drive-Up service with Hunter in over 250 sales outlets.


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