Target Projects Flat Sales, Lower Earnings for First Quarter

MINNEAPOLIS-Target said it expects its first-quarter same-store sales to be about the same as in the first quarter of last year, and that its earnings per share will be at the low end of its prior guidance.

The retailer sales trends in the quarter have been softer than expected, especially in seasonal and "weather-sensitive" categories throughout the store. This will be a prime factor in pushing earnings per share down to about $1.10, the low end of its prediction of between $1.10 and $1.20.

Target attributed the reduced earnings-per-share expectation to losses from the early retirement of debt and reductions from the Canadian segment and from the sale of its credit-card portfolio to TD Bank Group.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money