Target's (TGT) Holiday Performance Turns Walmart (WMT) Investors Green
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Target Raises Q4 Guidance on Stronger-than-Expected Holiday Sales
January 9, 2018 6:59 AM ESTMINNEAPOLIS, Jan. 9, 2018 /PRNewswire/ --
Comparable sales growth of 3.4 percent in the November/December period was driven by strong traffic growth and continued strength in digital sales, which are expected to grow more than 25 percent in 2017. The Company raised its fourth quarter and full-year 2017 EPS guidance, based on the benefit of stronger-than-expected sales and recently-enacted federal tax reform. Stores fulfilled 70 percent of Target's digital volume in November/December, meaning that stores enabled approximately 80 percent of the Company's comparable sales growth in that period. Comparable... More