S&P 500
7,616.20
-0.08%
Dow Jones
51,330.50
-0.08%
Nasdaq 100
30,650.20
-0.21%
Russell 2000
2,930.83
-0.08%
FTSE 100
10,375.80
-0.12%
Nikkei 225
68,499.20
+1.48%

Retail

Same-Store-Sales: Wal-Mart Vs. Target (WMT, TGT, COST)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

You have to love a morning where Target (NYSE:TGT) and Wal-Mart (NYSE:WMT) have big news out on the same day.  This morning both retail giants released August Same-Store-Sales.  Surprisingly, both did pretty well and the drop-off that was seen at CostCo (NASDAQ:COST) did not hit either retail giant.

SAME-STORE-SALES GAINS:
Wal-Mart +3.1%, compared to analyst expectations of +1.5%. Sales were +3% including fuel impact.
Target +6.1%, compared to analyst expectations of +5%.

AUGUST TOTAL SALES GAINS:
Wal-Mart +9.3% to $28.22 Billion.
Target +11.6% to $4.707 Billion.

SAME-STORE-SALES FORECAST (SEPT):
Wal-Mart forecast +1% to +3%.
Target forecast +4% to +6%.

PRE-MARKET TRADING REACTION:
Wal-Mart (WMT) shares are trading up about 2% pre-market, after recent year-lows; Target (TGT) shares are up about 1% pre-market.

Jon C. Ogg
September 6, 2007

Jon Ogg can be reached at [email protected]; he produces the 24/7 Wall St. SPECIAL SITUATION INVESTING NEWSLETTER and he does not own securities in the companies he covers.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Has the Turnaround at Wal-Mart Really Taken Hold?
Paul Ausick |

Has the Turnaround at Wal-Mart Really Taken Hold?

Wal-Mart reported mixed third-quarter fiscal 2016 results before markets opened Tuesday morning.

Paul Ausick |

Higher Wages, Higher Dividend May Not Be Good Enough for Wal-Mart

Wal-Mart reported better-than-expected fourth-quarter and fiscal year 2015 earnings before markets opened Thursday morning.

Paul Ausick |

Walmart, Kohl’s: Similar Results, Similar Outlooks

courtesy Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) reported second-quarter fiscal 2014 results before markets opened this morning. The retailing…

Has Wal-Mart Turnaround Sputtered to a Stop?
Paul Ausick |

Has Wal-Mart Turnaround Sputtered to a Stop?

Wal-Mart reported mixed fourth-quarter and full-year 2016 results before markets opened Thursday morning.

Paul Ausick |

Walmart Wishes for Better Earnings But Does Little to Make That Happen

courtesy of Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) reported second quarter 2015 results before markets opened Thursday morning. The…

Douglas A. McIntyre |

Wal-Mart Reacting Better Than Target on Retailer Earnings

This morning we got to see competing earnings reports from retail giants Wal-mart (WMT) and Target (TGT). In short, WMT…

Douglas A. McIntyre |

Target Sales, Above Target (TGT)

Target Corp. (NYSE:TGT) just posted its same-store-sales figures for October, and it is considerably better than the situation over at…

Jon C. Ogg |

A Chink in the Armor for Dollar Stores? (FDO, DLTR, DG, WMT, BJ, WAG)

Sales at Family Dollar Stores, Inc. (NYSE: FDO) were the best in 12 years.  That sounds great until the realization…

Douglas A. McIntyre |

Earnings Preview: Target (TGT, WMT, SHLD)

Target Corp. (NYSE:TGT) will report earnings Tuesday morning with a conference call to follow.  Shares closed up Friday but are…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826