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. Read More ...