Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Target Corp. Sees Hefty Increase in Earnings Per Share
Jun 8, 2007
 Printable format
 Email this Article
 Search

Target Corp. (Minneapolis) announced at the end of last month that its earnings per share increased nearly 20% in the first quarter of this year over its first-quarter 2006 earnings. Net earnings for the quarter ended May 5, 2007 were $651 million, or 75 cents per share. At the close of the first quarter of 2006, net earnings were $554 million, or 63 cents per share. (All earnings-per-share figures refer to diluted earnings per share.)

Total revenues in the first quarter increased 9.2% to $14.041 billion from $12.863 billion in 2006. This jump reflects a 4.3% increase in comparable-store sales combined with contributions from new store expansion and credit-card operations.

Earnings before interest and income taxes in the first quarter of 2007 increased 18% to $1.2 billion, compared with $1.017 billion in the first quarter of 2006. The company cites improvement in both gross-margin and expense-rate performance, combined with strong profit growth in credit-card operations, as key contributors.

"We are pleased with the strength of our first-quarter results in both our core retail and credit-card operations," stated charman and CEO Bob Ulrich in a press release. "Our overall performance reinforces our confidence in our ability to continue to generate profitable market share growth for the full year 2007 and many years to come."

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows