Target (TGT) Tops Q3 EPS by 20c, Comps Grew 12.7%

Target (NYSE: TGT) reported Q3 EPS of $3.03, $0.20 better than the analyst estimate of $2.83. Revenue for the quarter came in at $25.65 billion versus the consensus estimate of $24.78 billion.

• Third quarter comparable sales grew 12.7 percent, on top of 20.7 percent growth last year.

Fiscal 2021 Guidance:

• For the fourth quarter 2021, the Company expects high-single digit to low-double digit growth in comparable sales, compared with the previous guidance for a high-single digit increase.
• The Company continues to expect its full-year operating income margin rate will be 8 percent or higher.

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

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