Target Corp

NYSE:TGT   3:59:57 PM EDT
+5.11 (+2.13%)
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Other Pre-Announcement

Target Corp Reports ‍Q3 GAAP EPS $3.04 Q3 Adjusted EPS $3.03

Published: 11/17/2021 11:37 GMT
Target Corp (TGT) - ‍q3 GAAP EPS $3.04; Q3 Adjusted EPS $3.03.
Q3 Earnings per Share View $2.83, Revenue View $24.78 Billion -- Refinitiv Ibes Data (analyst estimates).
‍q3 Gross Margin Rate Was 28.0% Versus 30.6% in 2020.
‍q3 Total Revenue $25.65 Billion Versus $22.63 Billion.
‍q3 Comparable Sales Growth Was Driven Entirely by Traffic.
‍q3 Comparable Sales Grew 12.7%, on Top of 20.7% Growth Last Year.
For Q4 2021, Expects High-single Digit to Low-double Digit Growth in Comparable Sales.
Have a Strong Inventory Position Heading Into Peak of Holiday Season.
Continues to Expect FY Operating Income Margin Rate Will Be 8% Or Higher.
‍q3 Store Comparable Sales Increased 9.7%, Q3 Digital Comparable Sales Grew 29%.