Target (TGT) Misses Q4 EPS by 2c; FY16 EPS Guidance Tops Views
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Target Reports Fourth Quarter and Full-Year 2015 Earnings
February 24, 2016 8:01 AM ESTFourth quarter comparable sales increased 1.9 percent, driven by traffic growth of 1.3 percent. Digital channel sales increased 34 percent, contributing 1.3 percentage points to comparable sales growth. Fourth quarter comparable sales in signature categories (Style, Baby, Kids and Wellness) grew more than three times faster than the company average. Fourth quarter Adjusted EPS of $1.52 was in line with the companys guidance of $1.48 to $1.58. For full-year 2015, Targets comparable sales grew 2.1 percent, comparable traffic increased 1.3 percent and Adjusted EPS increased 11.3 percent to $4.69. Target returned... More
