Target Corp

NYSE:TGT   12:43:08 PM EDT
+6.78 (+4.57%)
Other Pre-Announcement

Target Reports Q2 Adj. EPS Of $0.39, Total Revenue Of $26.04 Billion

Published: 08/17/2022 10:40 GMT
Target Corp (TGT) - ‍​qtrly GAAP EPS and Adjusted EPS of $0.39; Qtrly Total Revenue $26.04 Billion, Up 3.5%.
Q2 Earnings per Share View $0.72, Revenue View $26.04 Billion -- Refinitiv Ibes Data (analyst estimates).
‍​planning Cautiously for Remainder of Year.
‍​qtrly Comparable Sales Grew 2.6%.
Target - ‍​current Trends Support Prior Guidance for FY Revenue Growth in Low- to Mid-single Digit and Operating Margin Rate Around 6% in Back Half of Year.
‍​qtrly Digital Comparable Sales Grew 9%; Qtrly Store Comparable Sales Increased 1.3%.
Co's Inventory Actions Put Significant Pressure on Near-term Profitability.
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