Seeking Alpha

More on Target's (TGT) Q1: Comparable-store sales +5.3% Y/Y. Credit card receivable decreased 6%...

More on Target's (TGT) Q1: Comparable-store sales +5.3% Y/Y. Credit card receivable decreased 6% to $6.1B. Both EBITDA and EBIT margin rates higher. SG&A expense rate falls to 19.9% from 20.4% last year. Sees Q2 EPS of $1.04-$1.14. Raises FY12 EPS guidance to $4.10-$4.30, from $4.05-$4.25. Shares +3.3% premarket. (PR)
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