Target tops Wall Street expectations, boosts full-year outlook - Bring Me The News

Target tops Wall Street expectations, boosts full-year outlook

The Minneapolis-based cheap chic discount giant posted better-than-expected second-quarter revenue. Target also raised its full-year profit outlook for the third quarter that is well above analysts' expectations.
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The Minneapolis-based cheap chic discount giant posted better-than-expected second-quarter revenue, the Associated Press reports. Target also raised its full-year profit outlook for the third quarter that is well above analysts' expectations.

Target is among more than a dozen major retailers in a joint venture developing a mobile-payment system, the Business Journal reports.

Click here, for the list of "10 Things You Didn’t Know about Target" (Hat tip to A Bullseye View).

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Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.

Target surprises Wall Street with higher July sales

Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.

Target boosts dividend by 20 percent

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.

Warm weather gives Target sales a boost

The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.

Target confirms stores opening in Canada next year

The Minneapolis-based discount giant is firming up plans to enter its first market outside the United States. Target has released a list of 125 store locations in Canada that will open starting next spring. Its first 24 stores are all in Ontario. Later this year, Target will announce additional locations that will open in 2014.