Target lowers Q1 EPS guidance amid softer-than-expected sales
MINNEAPOLIS — Target Corp. has lowered its earnings expectations for first quarter 2013, the mass merchandise retailer said Tuesday.
The Minneapolis-based chain said it expected same-store sales growth in the quarter to be about flat over first quarter 2012 due to sales trends that have been weaker than expected, particularly in seasonal and weather-sensitive merchandise categories. As a result, earnings-per-share guidance is expected to be less than $1.10; the company’s original guidance had stated earnings would be $1.10-$1.20 per share.
The company said earnings per share for fiscal year 2013 would still be between $4.85 and $5.05.
Target will release its first-quarter earnings on May 22, the company said.
Executive Session agenda set for 2013 RCEC
LAS VEGAS — The Convenient Care Association and Drug Store News have announced the agenda for the Executive and Health Systems Leadership Colloquium for this year’s Retail Clinician Education Congress, which will be held in May in Las Vegas.
The Executive and Health Systems Leadership Colloquium launched in 2011 at the Retail Clinician Education Congress at a time when the retail clinic industry was expanding, both in number of clinics and scope of services. Today, the retail clinic industry is established; consumers like the convenience, price transparency and customer service. Now retail clinic organizations are stepping into the next level of innovation with strategic partnerships and working within their communities to build the healthcare workforce pipeline. The Colloquium will address these topics, as well as what the research says about the clinics and their opportunities, the role of retail clinics in the landscape of the Patient Protection and Affordable Care Act (PPACA), and what the future looks like for the industry overall. The Colloquium is designed for management, upper management and C-level executives of retail clinic operators, and companies and organizations interested in entering the retail clinic industry. The Executive and Health Systems Leadership Colloquium is supported by athenahealth.
Click below to view the full agenda.
Register for RCEC and be entered for chance to win an iPad mini
LAS VEGAS — Win an iPad mini while earning CE at the 2013 Retail Clinician Education Congress?
Yes! During the event, held May 14 to 16 in Las Vegas, RCEC will be giving away an iPad mini every morning to one attendee. In order to participate, simply register today and be automatically entered into the drawing.
The sixth annual RCEC conference, which is hosted by Drug Store News Group in conjunction with the Convenient Care Association and Partners in Healthcare Education, will be held at the Planet Hollywood Resort in Las Vegas.
The three-day educational and networking forum is designed to meet the needs of the growing field of convenient care practitioners. The entire program is dually accredited for nurse practitioners and physician assistants.
Click here to register for the 2013 RCEC event.