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Retail

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

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By Douglas A. McIntyre Updated Published
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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.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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