Target’s profit soars on strong sales. ‘Consumer confidence is on the rise,’ says CEO.

Shares of Target Corp. shot up 7.7% in premarket trade Wednesday, after the discount retail giant reported a fiscal first-quarter profit, revenue and same-store sales.....»»

Americans boosted their spending in July, a robust start for consumer spending in the third quarter amid a strong labor market and robust consumer confidence......»»

Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices......»»

Shares of Target Corp. rallied 1.8% in premarket trading Tuesday, after the discount retail giant reported fiscal fourth-quarter profit and sales that rose above expectations, boosted by .....»»

Merck & Co Inc on Tuesday posted a 10.4% rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the drugmaker lowered its 2020 profit forecast due to uncertainty from the COVID-19 pandemic......»»

Food retailer Ahold Delhaize met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales......»»

Whitbread said that weak business and leisure confidence continued in the U.K., but added that it was partially offset by the strength of the central London market, where it said it outperformed......»»

JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking......»»

U.S. trading after quarterly sales and profit beat analysts’ predictions, bucking the weakness in the department-store sector going into the crucial holiday season. Revenue dropped 2% to $3.67... To view the full story, click the title link......»»

German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions......»»

German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions......»»

Stocks rose after Walmart earnings and retail sales figures showed a strong U.S. consumer......»»

Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence......»»

Procter & Gamble Co's quarterly revenue and profit beat Wall Street expectations on Tuesday, boosted by price hikes and strong demand for its beauty products such as SK-II and Olay, sending its shares up about 4% before the opening bell......»»

Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America......»»

Fiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in U.S. sales in May, as a strong economy and upbeat consumer sentiment fueled demand......»»

Best Buy Co Inc forecast second-quarter sales and profit above estimates on Thursday, as the consumer electronics retailer saw strong demand for wearables and tablets and signed up more people to its subscription-based tech support services......»»

Same-day deliveries, store revamps drive Target's strong results.....»»

Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer's investments in same-day delivery and store revamps drew in more shoppers, sending its shares up more than 7%......»»

Italian luxury carmaker Ferrari beat forecasts with a 14 percent rise in first-quarter core earnings, driven by strong sales of its Portofino model and increased shipments in all regions, and stuck to its full-year targets......»»