Same-Store-Sales: Wal-Mart Vs. Target (WMT, TGT, COST)

Retail

Published: September 6, 2007 7:43 am

Last Updated: March 26, 2020 1:12 pm

You have to love a morning where Target (NYSE:TGT) and Wal-Mart (NYSE:WMT) have big news out on the same day. This morning both retail giants released August Same-Store-Sales. Surprisingly, both did pretty well and the drop-off that was seen at CostCo (NASDAQ:COST) did not hit either retail giant.

SAME-STORE-SALES GAINS:
Wal-Mart +3.1%, compared to analyst expectations of +1.5%. Sales were +3% including fuel impact.
Target +6.1%, compared to analyst expectations of +5%.

AUGUST TOTAL SALES GAINS:
Wal-Mart +9.3% to $28.22 Billion.
Target +11.6% to $4.707 Billion.

SAME-STORE-SALES FORECAST (SEPT):
Wal-Mart forecast +1% to +3%.
Target forecast +4% to +6%.

PRE-MARKET TRADING REACTION:
Wal-Mart (WMT) shares are trading up about 2% pre-market, after recent year-lows; Target (TGT) shares are up about 1% pre-market.

Jon C. Ogg
September 6, 2007

Jon Ogg can be reached at [email protected]; he produces the 24/7 Wall St. SPECIAL SITUATION INVESTING NEWSLETTER and he does not own securities in the companies he covers.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.