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Accelerating comps drive Target performance
MINNEAPOLIS — Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.
Retail sales increased 5.1% to $15.9 billion from $15.1 billion thanks to a 3.9% same-store sales increase and the addition of several new stores. Operating profit for the retail business increased at a slower rate, rising 4.6% to $1.147 billion from $1.096 billion.
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Five Guys Burgers & Fries opens at Nesconset Shopping Center
Port Jefferson Station, N.Y. -- Centro Properties Group US said that Five Guys Burgers & Fries has opened in Port Jefferson Station, N.Y.
The new 2,400-sq.-ft. restaurant is located at Nesconset Shopping Center, which is owned Centro Properties Group, based in New York City.