Target Crushes December Sales Expectations (TGT)
Target Corp. (NYSE: TGT) reported that January same-store sales rose 4.3%, more than double the 2.1% estimate from retail analysts. Total sales for the month totaled $4.61 billion, up 5.1% from January 2011. This year’s same-store sales increase is far…
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Target Corp. (NYSE: TGT) reported that January same-store sales rose 4.3%, more than double the 2.1% estimate from retail analysts. Total sales for the month totaled $4.61 billion, up 5.1% from January 2011.
This year’s same-store sales increase is far better than the 1.7% year-over-year jump Target reported for January 2011. In its statement, Target noted that sales were strong for both discretionary and non-discretionary items, and that “sales trends were healthy throughout the month and across the country.”
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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.