Seeking Alpha

Shares of Target flat after mixed report

  • Target (TGT) reports comparable store sales rose 1.2% during Q2 as a higher average transaction amount offset a 1.4% drop in the overall number of transactions. Analysts expected same-store sales growth of 2%-3%.
  • REDcard penetration rose to 18.7% from 12.8% a year ago.
  • Target opened 44 stores in Canada during the quarter to bring its total in the nation to 68.
  • The company sees FY13 EPS falling in the low end of its previously set range. (PR)
  • TGT -0.1%
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Comments (2)
  • mcostigane
    , contributor
    Comments (44) | Send Message
     
    the expansion into Canada has been a total flop
    21 Aug 2013, 01:30 PM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    It hasn't even been a year... seriously?
    21 Aug 2013, 03:44 PM Reply Like
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