Target (TGT) Reports In-Line Q3 EPS; Boosts FY15 EPS Outlook
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Target Reports Third Quarter 2015 Earnings
November 18, 2015 8:00 AM ESTAdjusted EPS up 8.6% to $0.86; Comparable sales up 1.9 percent
Third quarter Adjusted EPS of $0.86 was above the midpoint of the companys guidance of $0.79 to $0.89. The Company now expects full-year 2015 Adjusted EPS of $4.65 to $4.75, compared with prior guidance of $4.60 to $4.75. Third quarter comparable sales growth of 1.9 percent was near the high-end of the companys expectations, driven by traffic growth of 1.4 percent. On a two-year stacked basis, sales and traffic growth were stronger in the third quarter than either of the first two quarters of the year.... More