Seeking Alpha
We cover over 5K calls/quarter
Profile| Send Message| ()  

TRANSCRIPT SPONSOR
Wall Street Breakfast
Target Corporation (TGT)
September Mid-Month Sales Release Call
September 24, 2007 4:30 pm ET

Presentation

Unidentified Corporate Participant

Thank you for calling the Target Corporation sales information line. The comments on this recording were updated as of Monday, September 24 for the week ended Saturday September 22, 2007. These comments summarize our sales results and outlook at Target stores for the five-week period extending from Sunday, September 2 through Saturday October 6, 2007.

Based on actual sales at Target stores for the first three weeks of September, combined with our outlook for the remaining two weeks of the month, we now expect Target's comparable store sales to increase in the range of 1.5% to 2.5%. This outlook is primarily attributable to weaker guest traffic in September versus our year-to-date trend.

Sales results in Florida and the Northeast are somewhat weaker than the rest of the country. We plan to report actual sales for the month of September on Thursday, October 11, 2007.

Forward-looking statements in this recording should be read in conjunction with the cautionary statement in Exhibit 99a to the company's 2006 Form 10-K.

Copyright policy: All transcripts on this site are copyright Seeking Alpha. However, we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to www.SeekingAlpha.com. All other use is prohibited.

THE INFORMATION CONTAINED HERE IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL, CONFERENCE PRESENTATION OR OTHER AUDIO PRESENTATION, AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE AUDIO PRESENTATIONS. IN NO WAY DOES SEEKING ALPHA ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S AUDIO PRESENTATION ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS.

If you have any additional questions about our online transcripts, please contact us at: transcripts@seekingalpha.com. Thank you!

Source: Target Corporation September Mid-Month Sales Release Transcript
This Transcript
All Transcripts