Target (TGT) Tops Q2 EPS by 6c, FY Guidance Tops Views
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Target Reports Second Quarter 2017 Earnings
August 16, 2017 6:30 AM EDTComparable sales increase on healthy traffic growth
Second quarter GAAP EPS from continuing operations of $1.22 were 14.2 percent higher than last year. Adjusted EPS1 of $1.23 were essentially flat to last year. Second quarter comparable sales increased 1.3 percent, driven by traffic growth of 2.1 percent. Comparable digital channel sales increased 32 percent, on top of 16 percent growth in second quarter 2016. In the second quarter, Target devoted $717 million to capital investment, paid dividends of $331 million, and returned $296 million through share repurchases.... More