Taghit Is Expected To Achieve An Adjusted EPS Of US $4.34-4.54 For The Whole Year.

According to the world

Shoes and hat net learned that the same store sales of Target Corp. (NYSE:TGT) Taghit group had resumed growth in the two quarter after falling for 4 consecutive seasons, and the group even raised its annual profit forecast, showing another signal on the road to recovery, which prompted the stock price of the group to rise more than 6% before Wednesday.

In the two quarter, same store sales increased by 1.3% year-on-year, mainly driven by an increase of 32% in online sales. It shows that Target Corp. Taghit has been able to maintain low price and enhance publicity and promotion strategies in order to enhance competition with Wal-Mart Stores Inc. NYSE:WMT (NYSE:WMT) WAL-MART, Amazon.com Inc. (NASDAQ:AMZN) Amazon and Kroger Co. (Kroger).

Passenger traffic also increased by 2.1%, the largest increase in over 2 years.

Consensus Metrix has a combined forecast of 0.7% growth in the same store sales.

Quarterly sales rose 1.6% to $16 billion 429 million a year, slightly better.

The expected $16 billion 300 million.

The net profit of continuing operations increased from 625 million US dollars in the same period last year to US $671 million, an increase of 7.4%, and the EPS of continuing business increased from 1.07 US dollars to US $1.22.

The adjusted EPS is US $1.23, which is better than the market forecast of US $1.19.

As of July 29th, inventories decreased by 4.3% to 8 billion 257 million dollars over the same period last year.

Gross margins fell 40 basis points to 30.5%.

Target Corp., chief executive of Taghit Brian Cornell Cornell, announced in February this year that it will invest $7 billion to expand its proprietary brand, renovate its stores, expand retail outlets, and accelerate online shopping.

But in terms of distribution, the group believed for a long time that it was difficult to catch up with Amazon.com Inc. Amazon, which has been in the front of the United States.

Amazon.com Inc. Amazon yesterday announced the launch of the "instant pick-up" service, which is based on 5 universities as a pilot, enabling consumers to purchase online products in a series of "quick delivery" products, and placing them in the courier cabinet within a few minutes to allow customers to pick up their own products.

Target Corp. Taghit recently launched thousands of daily necessities for services. Two days ago, the group announced the acquisition of Grand Junction, a logistics strategy technology company, to enhance the supply chain.

Despite the rapid growth of online shopping, it still accounts for only 4.7% of Taghit's Target Corp. revenue in the two quarter.

Now Target Corp., Taghit is expected to achieve an adjusted EPS of US $4.34-4.54 for the whole year, with a median of US $4.44, which is better than $4.41 expected by the market, which was expected to be US $3.80-4.20.

Analysts believe that the expected increase is still relatively conservative, because J.C. Penney Co. Inc. (NYSE:JCP) Penny department store and Kohl 's Corp. (NYSE:KSS) and other industries all reflect strong demand for the return season, and Target Corp. is expected.

It will also benefit.

The adjusted EPS guidelines for the three quarter were 0.75-0.95 dollars.

In the second half, it is expected that the same store sales growth will be recorded in the first half of the year, and the growth of same store sales will be between -1% and 1%.

More attention should be paid to the world clothing shoes and hats net.