Target's comparable sales grew at the strongest rate since 2005, the company said Tuesday. Shares rose more than 5% ahead of Tuesday's opening bell.
Here are Target's fourth-quarter earnings, compared with what analysts surveyed by Bloomberg were expecting:$1.53 versus $1.53 expected.
Its comparable sales grew at a rate of 5% last year, and by 5.3% in the fourth-quarter. Total revenue for the fourth-quarter totaled nearly $23 billion, down slightly from the same period a year earlier. Digital sales continue to be a fast-growing area for the retailer. Last year marked the fifth-straight year that Target reported comparable digital-sales growth of more than 25%.At the end of the year, Target said, it had approximately $1.6 billion remaining under its current $5 billion share repurchase program.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holiday sales boost Target forecasts, shares jumpTarget Corp forecast 2019 profit above Wall Street estimates on Tuesday as stron...
Read more »
Oil falls as China trims economic growth target, but OPEC-led cuts supportOil prices fell on Tuesday as China cut its 2019 economic growth target, dimming...
Read more »
Asian shares retreat, China cuts growth targetAsian shares stepped back on Tuesday after China cut its economic growth target ...
Read more »
13 More Interesting Food Combos That People Think You Should Try13 Weird Food Combinations That People Swear Are Delicious
Read more »
Illinois police searching for missing 13-year-old boy with autismThe 13-year-old was last seen wearing black pants with grey stripes.
Read more »
13 Weird Food Combinations That People Swear Are DeliciousHow about french fries dipped in ranch AND maple syrup?
Read more »
The Latest: Pell's bail revoked, sentencing set for March 13MELBOURNE, Australia (AP) — The Latest on the sentencing hearing for Cardinal George Pell (all times local): 2 p.m. A judge has revoked Cardinal George Pell's bail and said he would...
Read more »
Convicted Cardinal Pell remanded in custody until March 13 sentencingAustralia's Cardinal George Pell, a former top adviser to Catholic Pope Francis, was remanded into custody on Wednesday after a sentence plea hearing on his conviction for sexually abusing two choirboys more than two decades ago.
Read more »
Massachusetts police officer accused of raping 13-year-old boy he met on Grindr denied bailThe alleged victim did not know Carlos Vieira was a police officer until he saw him direct traffic during the Merrimack Valley gas explosions.
Read more »
U.S. trade deficit in goods jumps 12.8% to $79.5 billion in December
Read more »