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Target Earnings Should Reflect Its Strong Holiday Season

Target was one of the more popular retailers during the holiday season, and is expected to report a 1.5% increase in same store sales, according to data from Thomson Reuters.

Target (TGT) was one of the more popular retailers during the holiday season, and is expected to report a 1.5% increase in same store sales, according to data from Thomson Reuters. Jharonne Martis, Director of Consumer Research for Thomson Reuters, said Target is doing a lot of things right. ‘They’re doing really well with their omnichannel presence, meaning you buy it on line and then pick it up in stores,’ said Martis. ‘Also the shipping was free for most items, and they offered 15% off for Cyber Monday, which brought in a lot of visitors.’ Target is expected to report about a 3% increase in year over year earnings per share, but revenue is expected to be slightly lower. Target reports its quarterly earnings on Wednesday. TheStreet's Rhonda Schaffler has details from Wall Street.

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