Target Corp (USA) reported that sales for the first quarter ended May 2, 2020 was $19.4 billion, up 11.3% from $17.4 billion.
- Comparable sales were up 10.8%, driven by a 141% increase in digital sales.
- Same-store sales inched up 0.9% in Q1.
- Operating income fell 58.7% to $468 million, from $1,135 million year-on-year.
- Net income fell 64.3% to $284 million from $785 million a year ago.
