Target (TGT) Misses Q1 EPS by 88c, Offers Guidance for Q2 and FY22

May 18, 2022 6:31 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

(Updated - May 18, 2022 6:35 AM EDT)

Target (NYSE: TGT) reported Q1 EPS of $2.19, $0.88 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $24.83 billion versus the consensus estimate of $24.47 billion.

  • Comparable sales grew 3.3 percent, on top of 22.9 percent growth last year.

Fiscal 2022 Guidance:

  • For second quarter 2022, the Company expects its operating income margin rate will be in a wide range centered around first quarter's operating margin rate of 5.3 percent.
  • For full-year 2022, the Company continues to expect low- to mid- single digit revenue growth. The Company now expects its full-year operating income margin rate will be in a range centered around 6 percent.

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance

Related Entities

Earnings