Target Posts Q4 Earnings Boost in Wake of Canada Exit
SEAFOODNEWS.COM [Progressive Grocer] - February 26, 2015 -
As Target Corp. regroups following its recent exodus from the Canadian market, the Minneapolis-based retailer reported boosts in sales and earnings for the fourth quarter and full 2014 fiscal year.
Q4 same-store sales increased 3.8 percent, reflecting a 3.2 percent increase in comparable transactions. Digital channel sales contributed 0.9 percentage points to comparable sales growth. Adjusted Q4 earnings per share of $1.50 bested the company’s most recent guidance of $1.43 to $1.47 per share.
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