Aug. 10 (Bloomberg) -- Target Corp., the No. 2 U.S. discount chain, said second-quarter profit rose 13 percent on higher food sales and revenue from the company's credit-card operations.
Net income rose to $609 million, or 70 cents per share, from $540 million, or 61 cents, a year earlier, beating analysts' estimates. Revenue increased 11 percent to $13.3 billion from $12 billion, Minneapolis-based Target said today in a statement.
Net income rose to $609 million, or 70 cents per share, from $540 million, or 61 cents, a year earlier, beating analysts' estimates. Revenue increased 11 percent to $13.3 billion from $12 billion, Minneapolis-based Target said today in a statement.
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on Thursday, August 10, 2006 at 6:34 AM.
