logo
Share SHARE
FONT-SIZE Plus   Neg

Target Feb. Comps. Up 7.0% - Quick Facts

Target Corp. (TGT) reported comparable-store sales growth of 7.0 percent for the month of February. Net retail sales for the four weeks were $5.13 billion, a 8.0 percent increase from $4.75 billion in the prior-year period.

President and Chief Executive stated, "February sales were well above our expectations, due to stronger-than-expected guest traffic combined with a solid increase in transaction size." The company also said it continues to plan for a first-quarter comparable-store sales increase of nearly 4 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Activision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up... Diversified media and entertainment conglomerate Walt Disney Co. said Tuesday after the markets closed that its third quarter profit rose 11% from last year, driven mainly by strong earnings growth at its film and consumer products divisions. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.
comments powered by Disqus
RELATED NEWS
Trade TGT now with 
Follow RTT