Target Corp. (TGT) Posts Mixed Q3, Outlook
Comps up 0.9 percent.
Sees Q4 2013 adjusted EPS of $1.50-$1.60 and GAAP EPS centered around $1.26, which may not compare to the consensus of $1.45.
Sees FY2013 EPS of $4.59-$4.69 and GAAP EPS in a range centered around $3.52, which may not compare with the consensus of $3.86.
"Target’s third quarter financial results reflect continued strong execution in our U.S. Segment in an environment where consumer spending remains constrained,” said Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation. “As our focus shifts to the fourth quarter, we are intently focused on delivering outstanding merchandise, an easy, fun shopping experience and an unbeatable combination of everyday low prices, weekly ad discounts, 5% REDcard Rewards and price match policies throughout the U.S. and Canada. And, in our Canadian Segment, we are also focused on improving performance as we transition from opening to operating our 124 stores."
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