Target Corp (TGT) Sept Comps Up 1.2%, Sees EPS Below $3.60
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Target Corporation (NYSE: TGT) said September comparable-store sales increased 1.2 percent.
Bob Ulrich, chairman and chief executive officer of Target Corporation, said, "Our comparable store sales growth in September was below our planned range, particularly in apparel. As a result, we now believe that our full year EPS will be below $3.60." The Wall Street consensus is $3.60.
The company noted prior guidance envisioned roughly equal likelihood of earning slightly more or slightly less than $3.60 for the full year 2007.
Bob Ulrich, chairman and chief executive officer of Target Corporation, said, "Our comparable store sales growth in September was below our planned range, particularly in apparel. As a result, we now believe that our full year EPS will be below $3.60." The Wall Street consensus is $3.60.
The company noted prior guidance envisioned roughly equal likelihood of earning slightly more or slightly less than $3.60 for the full year 2007.
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