P.M. BRIEFING : Dayton Hudson Earnings Up 37%
From Times Wire Services
MINNEAPOLIS —
Dayton Hudson Corp. today reported earnings of $58 million or 70 cents a share for the first quarter ended May 5, 1990, up 37% from $40 million or 51 cents a share during the corresponding period last year.
Revenues for the quarter were $3.01 billion. Total revenues for the corporation’s three operating companies increased 13% from the same period in 1989, while comparable store revenues rose 7%.
All three of the corporation’s operating companies--Target, Mervyn’s and Dayton Hudson Department Store--reported increased comparable-store revenues.
