More on Target's (TG) Q3: Comparable store sales rose 2.9% during the quarter as the retailer...
More on Target's (TG) Q3: Comparable store sales rose 2.9% during the quarter as the retailer kept its pattern of strong execution in tact. During the quarter, the company realized a 15-cent gain from the pending sale of its credit-card receivables portfolio while credit card revenue to the top line fell off 5.8%. Target increased its retail footprint by less than 1% over the last year, but shifted its mix to more expanded food assortment stores. The company sees Q4 EPS of $1.45-$1.55 vs. the consensus mark of $1.53. TGT -0.2% premarket. (PR)
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