top shadow
BODY

current news

Target 1Q Earnings Break Record


(Filed Under Financial and General Interest News). Target Corporation beat out competitor Wal-Mart during the first quarter ended May 1, 2010, with earnings per share increasing a record-breaking 30 percent, to 90 cents from 69 cents during the same period last year.

In the company’s retail segment, sales increased 5.5 percent, to $15.2 billion from $14.4 billion, due to a 2.8 percent increase in comparable store sales and the contribution from new stores.

“We’re very pleased with our first quarter financial results, which were the result of disciplined execution by our teams in a stronger-than-expected economic environment,” Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation, said. “Our retail segment delivered results well above our expectations, as sales of higher margin discretionary items were particularly strong, especially in apparel […] Going forward, we will continue our relentless focus on delighting our guests by delivering the right fashion, great quality at low prices, and a superior guest experience in our stores and online.”


more Financial and General Interest News >>

Published 05-20-2010 by Amanda Torres Price

Related Articles

Target Plans In-Store Specialty Shops
Target Goes Smaller for Cities
Target Appoints Fisher For Canada
Target Announces Canadian Entrance
Target To Open 21 in 2011
Target 1Q Earnings Break Record
Target Launches Posen Swim
Target To Open 26 Stores
Target: 2.7% 2Q Sales Drop
Target Opens 45 Stores, But Plans To Open Additional At Slower Pace


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2023 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2024 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow