Target Corporation September Sales up 13.4 Percent
05 Oct '06
1 min read
Target Corporation 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."
As a reminder, our current sales disclosure practice includes a sales recording on the day of our monthly sales release and one mid-month sales update.
Consistent with this practice, a new message was recorded earlier today. Our next sales recording is expected to be issued after the market closes on Monday, October 16, 2006.
marketing@alchempro.com
