Target (TGT) Misses Q4 EPS by 6c; Comps Fall 1.5%; Guides Well Below Views
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Target Reports Fourth Quarter and Full-Year 2016 Earnings
February 28, 2017 6:30 AM ESTFourth quarter comparable sales decreased 1.5 percent, compared to the guidance range of (1.5%) to (1.0%)1. Fourth quarter comparable digital channel sales increased 34 percent, contributing 1.8 percentage points of comparable sales growth. Fourth quarter comparable sales growth in Signature Categories outpaced total comparable sales by nearly 3 percentage points. Fourth quarter comparable traffic increased 0.2 percent. Fourth quarter GAAP earnings per share (EPS) from continuing operations of $1.46 and Adjusted EPS2 of $1.45, compared with the Companys guidance range of $1.45 to $1.55. For... More
