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Operating giant retail stores that sell everything are en vogue again on Wall Street.

Target (TGT) - Get Target Corporation Report CEO Brian Cornell tells me the company's efforts in same-day delivery and ship from store are giving it a huge advantage in the battle with online foes like Amazon (AMZN) - Get, Inc. Report . Cornell didn't go as far as to say Target and rival Walmart (WMT) - Get Walmart Inc. Report have cracked the retail code of successfully integrating physical stores with digital stores, but hinted his outfit is coming close. 

And the numbers prove it. 

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Target posted adjusted earnings per share of $1.47 for the second quarter on Wednesday, which handily beat Wall Street expectations of $1.40. The company's 6.4% increase in traffic growth is the strongest number it has posted since it started reporting the metric in 2008.

It also announced comparable sales growth of 6.5%, which is the largest increase in 13 years. Wall Street anticipated a 3.9% increase.

Online sales spiked 41% from the prior year.

Walmart was no slouch in the second quarter either, notching 4.5% U.S. same-store sales growth. Similar to Target, Walmart benefited from initiatives to fuse online and physical store shopping.

Target is TheStreet's sister publication Real Money's 'Stock of the Day.'