Target (TGT) PT, Estimates Cut at Buckingham Research Following Miss
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Go back to Target (TGT) PT, Estimates Cut at Buckingham Research Following Miss
January 18, 2017 6:59 AM EST
MINNEAPOLIS--(BUSINESS WIRE)--
Target Corporation (NYSE: TGT) today announced that comparable
sales during the combined November/December period decreased 1.3
percent. For those two months, total sales decreased 4.9 percent,
reflecting the impact of the December 2015 sale of the Companys
pharmacy and clinic businesses. As a result of this softer-than-expected
sales performance, the Company updated its fourth quarter and full-year
2016 guidance.
"While we were pleased with Black Friday sales, December digital sales
growth of more than 40 percent and continued strength in our Signature
Categories, these results were offset by early season sales softness... More
