Target Receives Almost $1 Billion in Tariff Refunds

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Target Receives Almost $1 Billion in Tariff Refunds

dealbreaker

3 weeks ago

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Target received $994 million in pre-tax tariff refunds during the second quarter, which boosted its Q2 operating income 94% year-over-year to about $2.6 billion. Thanks to these refunds, Target CFO Jim Lee said that the company will invest in price reductions. “We have, and we will continue to, invest in price to ensure our guests are getting tremendous value each and every time they visit us at Target,” Lee told reporters on Tuesday.Target receives almost $1 billion in tariff refunds, plans to...

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