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Target's Q2 sales growth rebounded by 2%, surpassing analyst expectations with a 42.7% rise in net income, driven by apparel focus and lower prices.
Target's sales growth turned around in Q2, rising by 2% after a year of declines.
Customers shopped for discretionary items and took advantage of price reductions on essentials like groceries.
The increase in comparable sales and profits surpassed analyst expectations, leading to a 42.7% rise in net income.
Target's positive quarter provides assurance that U.S. consumers are still willing to spend despite economic challenges.
Key factors in Target's growth were a focus on apparel and lower prices, attracting inflation-hit consumers.
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El crecimiento de ventas Q2 de Target se recuperó en un 2%, superando las expectativas de los analistas con un aumento del 42,7% en los ingresos netos, impulsado por el enfoque de la ropa y precios más bajos.