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Big eCommerce Performance Powers Target’s Big Q3 Beat

PYMNTS

It was a big day for Target on the public markets as the big-box retailer rolled out its Q3 earnings reports with better than expected results and revised its expectations for the remainder of 2019 upwards. Same-store sales, the most watched metric in physical retail, grew by 4.5 Net income came in at $714 million, or $1.39

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Transcript: Joel Tillinghast, Fidelity

Barry Ritholtz

And I was a math nerd as a kid. If you’ve got a undifferentiated, crappy retailer and you’re saying it’s going to have $5 of free cash flow in five years, and you’ve got Visa, MasterCard, most of the magnificent seven, and you say that’s $5, they’re not the same. You have so much more certainty.