Target (TGT) Same-Store Sales Rise 7% in Feb.
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Price: $144.51 -0.95%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
EPS Growth %: +10.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
EPS Growth %: +10.2%
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Target (NYSE: TGT) reports sales of $5.132 billion in February, an increase of 8 percent. Comps were up 7 percent for the month.
"February sales were well above our expectations, due to stronger-than-expected guest traffic combined with a solid increase in transaction size," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "We’re very pleased with the pace of our sales since the holiday season, though we continue to plan for a first-quarter comparable-store sales increase of around 4 percent."
"February sales were well above our expectations, due to stronger-than-expected guest traffic combined with a solid increase in transaction size," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "We’re very pleased with the pace of our sales since the holiday season, though we continue to plan for a first-quarter comparable-store sales increase of around 4 percent."
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