Tag Archives: Target

Target delivers strong sales growth

Target added 2.92% yesterday to settle at $69.14 per share, buoyed by the release of strong sales figures during the 2017 holiday season. In November and December, the group saw same-store sales growth come in at 3.4%, much higher than an expected increase of between 0% and 2%. This strong performance was mainly attributable to upbeat sales in its home, apparel, food and beverage and essentials categories. Looking forward, Target also increased its fourth quarter and full-year earnings outlook. The group confirmed the recent tax overhaul should create additional cash flow in 2018 and this would be used for capital investments, dividends and share repurchases.

Continue reading Target delivers strong sales growth