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Target Corp Sees Q1 2013 EPS Guidance Slightly Below Low End Of Prior Range; Reaffirms FY 2013 EPS Guidance; Comments on Comparable Same Store Sales Guidance


Tuesday, 16 Apr 2013 08:00am EDT 

Target Corp announced that it expects its first quarter of 2013 comparable-store sales growth will be approximately flat, due to softer-than-expected sales trends particularly in seasonal and weather-sensitive categories across the store, adjusted EPS will be slightly below the low end of the prior guidance of $1.10 to $1.20, GAAP EPS to be approximately $0.28 lower than adjusted EPS, due to, Losses, recognized in interest expense, related to the early retirement of debt of approximately $445 million, or $(0.41) per share; Expected EPS dilution related to the Canadian Segment of approximately $(0.23), and; Net accounting gains of approximately $0.36 cents associated with the sale of Target's entire consumer credit card receivables portfolio to TD Bank. For Fiscal 2013 it expects adjusted EPS consistent with the previous guidance of $4.85 to $5.05. The Company expects fiscal 2013 GAAP EPS to be approximately $0.57 lower than adjusted EPS due to; Losses, recognized in interest expense, related to the early retirement of debt of approximately $445 million, or $(0.41) per share; Expected EPS dilution related to the Canadian Segment of approximately $(0.45) and; Net accounting gains of approximately $0.29 associated with the sale of Target's entire consumer credit card receivables portfolio to TD Bank. 

Company Quote

60.39
-0.6 -0.98%
25 Jul 2014