Target Q2 Earnings Flat at $704 Million
[Wednesday, August 15, 2012] Target Corporation today reported second quarter net earnings of $704 million, flat with last year. Adjusted earnings per share, a measure the company believes is useful in providing period-to-period comparisons of the results of its U.S. operations, were $1.12 in second quarter 2012, up 4.6 percent from $1.07 in 2011.
As previously reported, U.S. retail segment sales increased 3.5 percent to $16.5 billion in second quarter 2012 from $15.9 billion last year, reflecting a 3.1 percent increase in comparable-store sales combined with the contribution from new stores.
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