Target's 4q Profit Declines 5.2 Percent

Target Corp. is reporting a 5.2 percent drop in earnings for the fourth quarter, as the retailer pushed big discounts to get tight-fisted shoppers to buy during the holiday season.

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    That compares with a profit of $520 million, or 82 cents per share a year earlier. Excluding costs to exit Canada and other one-time items, Target's adjusted earnings were $1.50 per share. Analysts polled by FactSet expected $1.46 per share. Target is now ...
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  • Target's 4Q profit declines 5.2 percent
    But Target's cutting wasn't as aggressive as rivals because it chose give up some sales in order to hold onto profit margins. The company, based in Minneapolis, said revenue rose 3.3 percent to $20.94 billion, up from the $21.23 billion analysts polled by ...
    02/23/2012 - 5:20 pm | View Link
  • Target's 4Q profit declines 5.2 percent
    NEW YORK (AP) — Target Corp. reported that fourth-quarter earnings fell 5.2 percent due to sluggish holiday sales. But the discounter, which said Thursday that its business has rebounded since then, offered a full-year profit outlook that was above Wall ...
    02/23/2012 - 5:20 pm | View Link
  • Target's 4Q profit declines 5.2 percent
    The discounter, however, offered a full-year profit outlook that was above Wall Street estimates. Target's shares edged higher in premarket trading. Target, like others including rival Wal-Mart Stores Inc., stepped up price cutting during the holiday ...
    02/23/2012 - 4:00 am | View Link
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