Target (TGT) misses Q1 EPS by 9c, reports comparable digital sales growth of 141%

(Updated - May 20, 2020 6:33 AM EDT)

Target (NYSE: TGT) reported Q1 EPS of $0.59, $0.09 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $19.62 billion versus the consensus estimate of $19 billion.

• The Company's total comparable sales grew 10.8 percent in the first quarter, reflecting comparable digital sales growth of 141 percent.
• Store comparable sales increased 0.9 percent

Fiscal 2020 Guidance

On March 25th, the Company withdrew its first quarter and full-year guidance given the unusually wide range of potential outcomes as a result of the highly fluid and uncertain outlook for consumer shopping patterns and government policies related to COVID-19. As a result of continued uncertainty, the Company did not provide second-quarter or updated full-year guidance.

For earnings history and earnings-related data on Target (TGT) click here.

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