Target Raises Q4 Guidance on Stronger-than-Expected Holiday Sales
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Go back to Target Raises Q4 Guidance on Stronger-than-Expected Holiday Sales
January 9, 2018 11:10 AM EST
Christmas came late for Target (NYSE: TGT) investors but it didnt disappoint.
The retailer reported November/December comparable sales growth of 3.4 percent, compared with the expected range of 0 to 2 percent. It also raised its fourth quarter and full-year 2017 EPS guidance due to stronger-than-expected sales, along with recently-enacted federal tax reform.
Target shares surged on the news, climbing over 3% intraday to a six-month high near $70 per share.
Target also released impressive initial 2018 guidance that calls for a low single-digit increase in its 2018... More
January 9, 2018 7:23 AM EST
Wal-mart (NYSE: WMT) gained pre-market following strong Q4 and FY18 guidance from peer Target (NYSE: TGT). Target traded higher by 4% and Wal-Mart gained 0.9% prior to the market open.
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