Washington, DC (November 20, 2019) – Today, Target announced stronger-than-expected third-quarter earnings of 4.5 percent.
“Target’s third-quarter earnings report released today smashed expectations and is yet another sign of the strong economy under President Trump. Earnings and revenue significantly increased, easily outpacing analysts’ predictions. Target is a bellwether for consumer sentiment, so its impressive performance demonstrates just how confident consumers are heading into the holiday season. Other major retailers such as Walmart have also posted strong Q3 results, countering the dire predictions of Democrats and their media allies that the economy is headed for a recession. In fact, the unemployment rate continues to hover near a half-century low, with record lows for minorities, while wages keep growing at 3 percent or more month after month. These indicators are just more proof that President Trump’s economic policies such as tax cuts and deregulation are helping ordinary Americans get ahead.”