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Read previewTarget reported $24.5 billion in revenue last quarter, with comparable sales down 3.7%, marking the fourth consecutive quarter of decline.
Unlike total sales, comparable sales exclude new and closed stores, and analysts commonly use the measure to assess a business' underlying health.
AdvertisementThe company also revamped and expanded its membership program, Target Circle, adding over a million new shoppers last quarter.
"We're encouraged by the meaningful progress we've seen in recent quarters," Cornell said.
Persons:
—, Brian Cornell, Cornell, Jack children's, We're
Organizations:
Service, Business, Walmart, Amazon Prime, Target