América Retail | Homepage
Thursday, June 22, 2017

La primera comunidad del retail en Latinoamérica

Finanzas: Target Reports Third Quarter 2016 Earnings

Finanzas: Target Reports Third Quarter 2016 Earnings

Noviembre 18, 2016

👤Periodista: Dayana Vazquez 🕔18.Nov 2016

 

Target Corporation (NYSE: TGT) today reported a third quarter 2016 comparable sales decline of 0.2 percent and GAAP earnings per share (EPS) from continuing operations of $1.06, an increase of 39.7 percent from third quarter 2015. Third quarter adjusted earnings per share from continuing operations2 (Adjusted EPS), which excludes the favorable resolution of income tax matters and certain items related to the pharmacy transaction, was $1.04, an increase of 22.1 percent from third quarter 2015.

“We are very pleased with our third quarter financial results, which reflect meaningful improvement in our traffic and sales trends and much stronger-than-expected profitability,” said Brian Cornell, chairman and CEO of Target. “Favorable gross margin mix and efficient execution by our team drove third quarter EPS performance well beyond our guidance. We also continued to gain market share in key Signature Categories and saw unexpectedly strong sales in the Back-to-School and Back-to-College season. As we move into the biggest quarter of the year, we are pleased with our inventory position and confident that our team will deliver a great guest experience as they bring our merchandising and marketing plans to life throughout the holiday season.”

LEA TAMBIÉN: Finanzas: The Home Depot Announces Third Quarter Results

Fourth Quarter and Fiscal 2016 Guidance
Target raised its expectations for fourth quarter comparable sales and now expects growth in the range of (1.0) percent to 1.0 percent, compared with prior guidance of (2.0) to flat. In the fourth quarter of 2016, Target expects both GAAP EPS from continuing operations and Adjusted EPS of $1.55 to $1.75.

For full-year 2016, Target now expects GAAP EPS from continuing operations of $4.67 to $4.87, compared with prior guidance of $4.36 to 4.76. The Company expects full-year 2016 Adjusted EPS of $5.10 to $5.30, compared with prior guidance of $4.80 to $5.20. The 43-cent difference between these ranges reflects early debt-retirement losses and a small benefit from the resolution of income tax matters.

Fourth quarter and full-year 2016 GAAP EPS from continuing operations may include the impact of unforeseen discrete items which may be excluded in calculating Adjusted EPS. The Company is not currently aware of any such discrete items beyond those already reported in the first, second and third quarters of 2016.

For more information: Seeking Alpha

Fuente: Seeking Alpha

Articulos relacionados

Finanzas: Jeff Bezos= el más inteligente para hacer negocios

Finanzas: Jeff Bezos= el más inteligente para hacer negocios

Junio 22, 2017

  Justo cuando piensas que conoces a Amazon, la empresa va y cambia todo. Amazon impactó

Finanzas: Wal-Mart – Grocery Wars Coming To A Town Near You

Finanzas: Wal-Mart – Grocery Wars Coming To A Town Near You
Junio 22, 2017

  Summary Should Wal-Mart be overly concerned over Amazon's Whole Foods purchase? We take a look

Finanzas: Target: Opportunity On Whole Foods Acquisition

Finanzas: Target: Opportunity On Whole Foods Acquisition
Junio 22, 2017

  Summary Target's sell-off, combined with dividend increase has created a 4.8% yield. Target's forward earnings

Finanzas: Takata se declara en bancarrota en EU y sus acciones se desploman

Finanzas: Takata se declara en bancarrota en EU y sus acciones se desploman
Junio 21, 2017

  El fabricante de bolsas de aire Takata se desplomó este martes en la Bolsa de

Finanzas: Amazon: puede tumbar los objetivos de inflación de la Fed

Finanzas: Amazon: puede tumbar los objetivos de inflación de la Fed
Junio 21, 2017

  El anuncio de compra de Whole Foods Market por parte de Amazon supone un golpe

Últimas Noticias

Newsletter

SECTIONS

América Retail