S&P 500
7,542.50
+0.31%
Dow Jones
52,625.00
+0.20%
Nasdaq 100
29,597.80
+1.16%
Russell 2000
2,977.31
+0.88%
FTSE 100
10,539.30
+0.27%
Nikkei 225
68,562.60
+2.23%

Investing

Target Falls Short, Lowers EPS Guidance (TGT, COST, WMT)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Big box retailer Target Corp. (NYSE: TGT) posted a same-store sales gain of 1.6% for December, well short of the consensus estimate of 3.1%. This compares with a 7% same-store sales gain at Costco Wholesale Corp. (NASDAQ: COST). Wal-Mart Stores Inc. (NYSE: WMT) does not provide monthly reports.

Target’s CEO had this to say about the December results:

December sales were below our expectations as growth in Grocery and Beauty offset softness in Electronics and Music, Movies & Books. Sales and traffic were strongest in the week leading up to Christmas as guests waited to shop for last-minute gifts.

The company also lowered its fourth-quarter diluted EPS guidance from $1.43-$1.53 to $1.35-$1.43.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Target’s Flop, Many Retailers Stand Out (TGT, COST, BJ, M, SKS, DDS, GPS, LTD, ANF, AEO, ARO, WMT)

Retail stores are reporting December sales today and the news is, at best mixed. Retailers reporting already include Target Corp.…

Paul Ausick |

December Retail Sales: A Smaller Bag (COST, WTSLA, LTD, TGT, BKE, SMRT, M, GPS)

ThinkstockRetailers are announcing December same-store sales figures today and, to tell the truth, expectations are pretty low. Research firm Retail…

Paul Ausick |

More on Retail Sales

ThinkstockWhile early reports on December same-store sales were mixed, the final tally showed a solid gain, with 53% of retailers…

Paul Ausick |

November Same-Store Sales Mixed, Winners and Losers (LTD, TLB, COST, TGT, M, DDS, JWN, KSS, GPS, ROST, JCP, TJX, LULU, SSI, PIR)

Retailers are reporting November sales this morning and the results are decidely mixed. The best report we’ve seen so far…

Paul Ausick |

December Retail Sales Gains Signal Good Holiday Quarter

Retailers are announcing December U.S. same-store sales figures Thursday. Retail Metrics projected an overall gain of 3.8%.

Paul Ausick |

January Retail Sales: Some Winners, Some Stragglers (COST, WTSLA, LTD, TGT, BKE, SMRT, M, GPS)

ThinkstockRetailers are announcing January same-store sales figures today. Research firm Retail Metrics projects an overall gain of 2.8% year-over-year, compared…

Paul Ausick |

Limited Stores Sales Rise 7% (LTD)

Retailer Limited Brands Inc. (NYSE: LTD) reported December same-store sales increased by 7% compared with the same period in 2010.…

January Retail Sales Growth Estimate a Meager 0.2%
Paul Ausick |

January Retail Sales Growth Estimate a Meager 0.2%

Same-store sales for the month of January were weak, but still a couple of ticks higher than January 2015, according…

Paul Ausick |

Retail Sales Outlook Not So Festive

Research firm Retail Metrics released its preliminary estimates for December same-store sales Tuesday morning, along with its fourth-quarter outlook for…

Top Gaining Stocks

Teradyne
TER • Vol: 140,023
CrowdStrike
CRWD • Vol: 1,113,829
Lam Research
LRCX • Vol: 858,649
Monolithic Power Systems
MPWR • Vol: 53,302
Dell Technologies
DELL • Vol: 703,582

Top Losing Stocks

IBM
IBM • Vol: 13,833,890
Coterra Energy
CTRA • Vol: 73,319,495
ServiceNow
NOW • Vol: 5,015,934
Biogen
BIIB • Vol: 245,336
CoStar Group
CSGP • Vol: 854,100