Target Corporation announced its fourth quarter and full-year 2017 results. The Company reported GAAP earnings per share (EPS) from continuing operations of $2.02 in fourth quarter and $5.32 for full-year 2017, compared with $1.46 and $4.58 in 2016, respectively. Fourth quarter Adjusted EPS were $1.37, compared with $1.45 in 2016. Full-year Adjusted EPS were $4.71, compared with $5.01 in 2016. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS. "Our fourth quarter results demonstrate the power of the significant investments we've made in our team and our business throughout 2017. Our team's outstanding execution of Target's strategic initiatives during the year delivered strong fourth quarter traffic growth in our stores and digital channels, which drove healthy comparable sales in every one of our five core merchandise categories," said Brian Cornell, chairman and chief executive officer of Target Corporation. Click Read More below for additional information.
FedEx Corp. announced today that, for the second year in a row, the company will not apply additional residential surcharges during the holiday season, except for shipments that are oversized, unauthorized or necessitate additional handling.
“FedEx delivers possibilities every day for millions of small- and medium-sized businesses,” said Raj Subramaniam, executive vice president, chief marketing and communications officer, FedEx Corp. “We are demonstrating our support for these loyal customers during this critical timeframe by not adding additional residential peak surcharges, except for situations where the shipments are oversized, unauthorized or necessitate additional handling.”
Peak surcharges for such shipments will be effective Nov. 19, 2018, through Dec. 24, 2018. Details can be found here: fedex.com/peak-surcharge
FedEx Express and FedEx Ground also announced general changes to surcharges on unauthorized shipments and some packages requiring additional handling, effective Sept. 3, 2018. Details can be found here: fedex.com/rate-changes
FedEx is also updating certain fuel surcharge tables at FedEx Express and FedEx Ground effective Sept. 10, 2018. Details of these changes will be available on fedex.com by Aug. 10, 2018.