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Target Corp. Message Board

  • b2bclickoverage b2bclickoverage Oct 5, 2006 8:52 AM Flag

    TGT September Sales up 13.4 Percent

     

    take that walmart

    Target Corporation September Sales up 13.4 Percent

    MINNEAPOLIS--(BUSINESS WIRE)--Oct. 5, 2006--Target Corporation (NYSE:TGT) today reported that its net retail sales for the five weeks ended September 30, 2006 increased 13.4 percent to $4.885 billion from $4.306 billion for the five-week period ended October 1, 2005. On this same basis, comparable-store sales increased 6.7 percent from fiscal September 2005.

    "Our sales in September were well above our expectations, driven in part by favorable weather," said Bob Ulrich, chairman and chief executive officer of Target Corporation. "As a result of better-than-expected performance in our retail operations and the ongoing strength of our credit card operations, we now expect to produce third quarter earnings per share above the current median First Call estimate of 53 cents."

    Sales Total Sales Comparable Stores % Change
    --------------------------
    (millions) % Change This Year Last Year
    ---------- ----------- ------------- ------------
    September $4,885 13.4 6.7 5.6

    Year-to-Date $34,555 11.4 4.9 6.3

    As a reminder, our current sales disclosure practice includes a sales recording on the day

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TGT
63.81-0.12(-0.19%)Sep 19 4:05 PMEDT

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