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Target, Macy's Sales Below Estimates

Target (TGT) and Macy’s (M) announced that June same store sales were below analyst estimates. Sales at Target increased by 2.1 percent, below expectations of a 2.8 percent gain. Macy’s reported a 1.2 percent increase in same-store sales, well below the estimate of 2.3 percent.

 

Target April sales rise, but miss analysts' view

Target Store

Target Corp. said Thursday a key sales figure rose 1.1 percent in April, but it fell short of analysts' expectations. Analysts expected the discount retailer to post a 2.8 percent increase in stores opened at least one year, according to Thomson Reuters. That metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

 

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