Target's better-than-expected holiday report sends stock up 4% [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Target's same-store sales climbed 3.4 percent during the 2017 holiday season, beating expectations. The retailer raised its fourth-quarter and full-year earnings outlook. Target said online sales are on track to grow more than 25 percent in 2017. Published 30 Mins Ago 7:50 AM ET Tue, 9 Jan 2018 CNBC.com SHARES Getty Images Target on Tuesday posted same-store sales that climbed 3.4 percent during the holiday season, topping an expected range of 0 to 2 percent, and raised its fourth-quarter and full-year earnings outlook. The big-box retailer said tax reform legislation should create additional cash flow in 2018 it will use for capital investments, dividends and share repurchases. The new tax laws will also boost Target's profits, similar to an announcement Macy's made earlier this week. Target's stock climbed around 4 percent during premarket trading on the news. As we look
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