Walmart posted its slowest increase in quarterly online sales in nearly two years last month and forecast growth to slow further this year. Target’s comparable digital sales rose 20 per cent in the fourth quarter, compared with 31 per cent growth reported in the third quarter as well as in the year-earlier period. Total revenue at Target rose 1.8 per cent to $23.4 billion in the quarter ended February 1st, missing expectations of $23.5 billion. Its comparable sales, which include online and store sales, rose 1.5 per cent, matching analysts’ lowered estimates. Excluding certain items, Target earned $1.69 per share, beating estimates of $1.66 per share.

Source: The Irish Times March 03, 2020 16:07 UTC