Target (TGT) Nov Comps Up 1.1%
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Price: $165.44 +4.54%
Financial Fact:
Earnings before interest expense and income taxes: 1.06B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Earnings before interest expense and income taxes: 1.06B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Target Corporation (NYSE: TGT) said November comparable-store sales increased 1.1 percent.
Net retail sales for the four weeks ended December 1, 2007 increased 16.7 percent to $5,972 million from $5,119 million for the four-week period ended November 25, 2006.
CEO Bob Ulrich said, "Our sales results largely met expectations through our two-day post-Thanksgiving event, but softness in the final week of November caused the month overall to fall short of our planned range."
Ulrich also said, "This late-month sales shortfall was concentrated in key seasonal categories including toys and holiday trim, but other home and apparel categories fell short of expectations as well. These sales trends would need to meaningfully improve in December in order to achieve fourth quarter EPS growth."
Net retail sales for the four weeks ended December 1, 2007 increased 16.7 percent to $5,972 million from $5,119 million for the four-week period ended November 25, 2006.
CEO Bob Ulrich said, "Our sales results largely met expectations through our two-day post-Thanksgiving event, but softness in the final week of November caused the month overall to fall short of our planned range."
Ulrich also said, "This late-month sales shortfall was concentrated in key seasonal categories including toys and holiday trim, but other home and apparel categories fell short of expectations as well. These sales trends would need to meaningfully improve in December in order to achieve fourth quarter EPS growth."
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