Sunday, January 6, 2013

Target - Soft Holiday Sales Result In Earnings Coming In Below Target


Shares of Target (TGT) have risen 2.4% so far this year on the release of its sales results for the month of December. Investors are relieved that the December sales report indicates that same store sales growth recovered from the poor results in November.

December Sales Results

Target announced that net retail sales for the five weeks ending on December 29, came in at $10.21 billion. Net sales rose 0.8% compared to the year before, as comparable store sales were essentially flat.
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