Target navigates choppy water in Q4

Target (TGT) bests profit estimates as inventory and expense management help it overcome a tough quarter for store traffic in the U.S. and Canada.

The retailer reports comparable-store sales fell 2.5% in the U.S. during Q4.

Profits took a large hit from the data breach reported in December. Insurance has covered $44M of the $61M in charges related to the breach so far, but the story is still unfolding.

The performance of Target in Canada was under-whelming as costs ran up higher than anticipated and sales lagged the rosiest estimates.

The company warns of a material adverse effect from the data breach on the current year and future periods.

Shares of Target are up 1.1% in premarket action with expectations low and anxiety high for the period.

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Comments (2)
  • Portage, MI
    , contributor
    Comments (200) | Send Message
    Will Target be back over $73/share, while earning over 3% in Dividends along the way ?
    26 Feb 2014, 04:22 PM Reply Like
  • C,Ican
    , contributor
    Comments (8) | Send Message
    Target Beats -Nice -Guess What when Canada gets straighten out this will hit 75.00 -3% dividend -no brainer Buy it, tell them Carl said so
    27 Feb 2014, 01:05 AM Reply Like
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