Target Corp

+1.29 (+0.56%)
Other Pre-Announcement

Target Reports Q1 GAAP EPS Of $4.17

Published: 05/19/2021 11:46 GMT
Target Corp (TGT) - Target - Q1 GAAP EPS of $4.17; Q1 Adjusted EPS of $3.69; Q1 Total Revenue of $24.2 Billion Grew 23.4%.
Target - Q1 Same-day Services (order Pickup, Drive Up and Shipt) Grew More Than 90%.
Target - Q1 Comparable Sales Grew 22.9%; Q1 Digital Comparable Sales Grew 50%.
Target - Q1 Store Comparable Sales Increased 18%; More Than 95% of Co's Q1 Sales Were Fulfilled by Its Stores.
Target - for Q2, Co Expects Mid-to-high Single Digit Growth in Comparable Sales.
Target - Expects Q2 Operating Margin Rate Will Be Well Above Q2 2019 Rate of 7.2%.
Target - Expects Positive Single-digit Comparable Sales Growth in the Last Two Quarters of the Year.
Target - Expects FY Operating Margin Rate Will Be Well Above the 2020 Rate of 7.0%, With the Potential to Reach 8% Or Somewhat Higher.
Target - Gained More Than $1 Billion in Market Share in Q1, on Top of a $1 Billion Share Gain in Q1 2020.
Target - Q1 Adjusted EPS of $3.69, Excluded a $0.53 Gain on the Sale of Dermstore.
Q1 Earnings per Share View $2.25, Revenue View $21.81 Billion -- Refinitiv Ibes Data (analyst estimates).