Target Corporation, which owns the second-largest discount network in the US, reported that its second-quarter net profit, which ended Aug. 4, rose 19% year-on-year to $799 million. Excluding one-off factors, earnings were 1 dollar 47 cents per share, while analysts had predicted 1 dollar 40 cents per share. Revenue reached 17 billion 550 million dollars, increased by 7%. Economists had expected the figure at $17 billion 230 million dollars. The growth in online sales accelerated to 41% compared with the rise of 32% a year earlier. Comparable sales grew by 6.5%, noting the maximum growth rate for 13 years. Attendance at Target stores has increased at the fastest pace since 2008, having increased by 6.4%.
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