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Target 2Q Profit Up 12.6%
Aug 22, 2007
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Target Corp. said second-quarter earnings rose 12.6% for the second quarter ended Aug. 4, 2007. It earned US$686 million, or $0.80 per share, up from $609 million, or $0.70 per share, last year.

Revenue rose 9.5% to $14.62 billion from $13.35 billion a year ago. Same-store sales rose 4.9% for the quarter. The company said it expects same-store sales growth in the mid single digits for the second half of the year.

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