- 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%
Shares of Target flat after mixed report
Aug 21 2013, 07:51 ET