Target (TGT) Raises Q1 Outlook; Comps Jump 7.3% in March
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Price: $158.25 -0.47%
Financial Fact:
Earnings before income taxes: 919M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Earnings before income taxes: 919M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Target (NYSE: TGT) reports sales of $6.427 billion in March, an increase of 7.9 percent. Comps were up 7.3 percent for the month.
Sees Q1 revised same-store sales up 5-6%. Adj-EPS guidance raised from $0.97-$1.07 previously to $1.04-$1.10. The Street is currently expecting Q1 EPS of $0.97.
“March sales were well above our expectations, reflecting a healthy underlying trend combined with the benefit of an earlier Easter and favorable weather this year," said Gregg Steinhafel, chairman, president and CEO of Target Corporation. "We’re now planning for a revised first quarter comparable-store sales increase of 5 to 6 percent, reflecting a low to mid single-digit increase in our April comparable-store sales.”
Sees Q1 revised same-store sales up 5-6%. Adj-EPS guidance raised from $0.97-$1.07 previously to $1.04-$1.10. The Street is currently expecting Q1 EPS of $0.97.
“March sales were well above our expectations, reflecting a healthy underlying trend combined with the benefit of an earlier Easter and favorable weather this year," said Gregg Steinhafel, chairman, president and CEO of Target Corporation. "We’re now planning for a revised first quarter comparable-store sales increase of 5 to 6 percent, reflecting a low to mid single-digit increase in our April comparable-store sales.”
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