|
Revenue at stores open at least a year rose 5.3 percent, the strongest performance in six years for that period. The measure is considered a key indicator of a retailer's health. Based on the better-than-expected results, Target raised its full-year profit guidance last month by 5 cents, to a range of $4.60 to $4.80 per share. Target's CEO Gregg Steinhaffel told shareholders Wednesday that the results show that even in an uneven economy, shoppers are willing to splurge on home goods and accessories, if they are stylish and are priced right. "We continue to build on what we do well," he added. Target shares fell 11 cents to close at $58.05, near the high end of its 52-week range of $45.28 to $59.40.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor