Target Sales, Above Target (TGT)

Retail

Published: November 8, 2007 8:49 am

Target Corp. (NYSE:TGT) just posted its same-store-sales figures for October, and it is considerably better than the situation over at Fall-Mart. Target posted a gain of +4.1% on a comparable basis. Analysts were only expecting about +2.5%, and that is at the higher-end of its recently offered range.

One interesting aspect though is that the retail giant said it experienced soft sales in higher margin categories for the second straight month. Does that lead to earnings or margin pressure? So far Wall Street doesn’t seem to think so, or it doesn’t matter as much.

Target’s total sales were up 9.1% for the four weeks to $4.445 Billion, so now we have sales for the quarter listed as roughly $14.342 Billion.

Shares of Target are now up about 3.7% at $61.00 in pre-market trading reaction. Costco Wholesale shares are currently up 1.3% at $67.00 and Wal-Mart shares are up 1.3% at $44.50 in pre-market trading about 45 minutes before the open.

Jon C. Ogg
November 8, 2007

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!