Target (TGT) August Comps Rise 4.2%, Versus Expected 3%
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Price: $154.64 -0.56%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +3.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +3.5%
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Target (NYSE: TGT) reported August comparable-store sales increased 4.2 percent, which easily beat the consensus of a 3 percent rise.
Net retail sales for the four weeks ended August 25, 2012 were $5,543 million, an increase of 4.7 percent.
"We're pleased with Target's August comparable-store sales increase, which was near the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Sales were stronger in the second half of the month, as guests responded to Target's broad assortment and compelling value for their back-to-school and back-to-college shopping."
Net retail sales for the four weeks ended August 25, 2012 were $5,543 million, an increase of 4.7 percent.
"We're pleased with Target's August comparable-store sales increase, which was near the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Sales were stronger in the second half of the month, as guests responded to Target's broad assortment and compelling value for their back-to-school and back-to-college shopping."
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