Target (TGT) Tops Q3 EPS by 6c, Beats on Revenues; Boosts FY17 EPS Guidance Above Consensus

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Go back to Target (TGT) Tops Q3 EPS by 6c, Beats on Revenues; Boosts FY17 EPS Guidance Above Consensus

Target Reports Third Quarter 2017 Earnings

November 15, 2017 6:30 AM EST

Comparable sales and EPS near the high end of expectations

Third quarter comparable traffic grew 1.4 percent. Comparable sales increased 0.9 percent. Third quarter GAAP EPS from continuing operations of $0.87 and Adjusted EPS1 of $0.91 were near the upper-end of the guidance range of $0.75 to $0.95. Comparable digital channel sales increased 24 percent, on top of 26 percent growth in third quarter 2016. In the third quarter, Target devoted $847 million to capital investment, paid dividends of $339 million, and returned $171 million through share repurchases.... More