Target (TGT) Same-Store Sales Rise 7% in Feb.
Tweet
Share
E-mail
Get Alerts TGT Hot Sheet
Join SI Premium – FREE
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."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Target to open beauty studio sections in over 600 stores Sept. 10
- Target Launches Target Beauty Studio, Its Destination for What's New, Now and Next in Beauty
- BofA Securities on Meta Platforms Inc. (META): 'Settlement reduces uncertainty; AI catalysts back in focus'
Create E-mail Alert Related Categories
Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
