Special Reports

Target

2Q, July 2005

Published

19 years ago

August 8, 2005

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Target Corp. (Minneapolis) reported an 11.9 percent increase in net retail sales for the four weeks ended July 30, 2005. Same-store sales were up 5.5 percent.

“Our sales in the month of July remained strong,” said chairman and ceo Bob Ulrich. “This performance reinforces our belief that Target will deliver very strong profit growth in the second quarter, consistent with our previous earnings per share guidance of 58 cents or more.”

Total sales were up 13.5 percent in the second quarter and are up 13.1 percent year-to-date.

Same-store sales were up 3.9 percent in the second quarter and are up 5.5 percent year-to-date.

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