Target (TGT) Reports Increase in March Sales
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Price: $147.77 -0.23%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +10.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +10.2%
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Target Corporation (NYSE: TGT) reported that its net retail sales for the five weeks ended April 7, 2007 increased 16.8% to $5.592 billion from $4.789 billion for the five-week period ended April 1, 2006. On this same basis, comparable-store sales increased 12.0%.
"Our March comparable store sales growth, which reflected the benefit of this year's earlier Easter holiday, was in line with our expectations," said Bob Ulrich, chairman and chief executive officer of Target Corporation. "For the combined March/April period, we continue to expect that Target's comparable store sales will increase in the range of 4 to 6 percent."
"Our March comparable store sales growth, which reflected the benefit of this year's earlier Easter holiday, was in line with our expectations," said Bob Ulrich, chairman and chief executive officer of Target Corporation. "For the combined March/April period, we continue to expect that Target's comparable store sales will increase in the range of 4 to 6 percent."
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