Target (TGT) Misses Q1 EPS by 6c, Comps Increase 3%

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Go back to Target (TGT) Misses Q1 EPS by 6c, Comps Increase 3%

Target Reports First Quarter 2018 Earnings and Affirms Full-Year Guidance

May 23, 2018 6:30 AM EDT

MINNEAPOLIS, May 23, 2018 /PRNewswire/ -- 

First quarter traffic growth of 3.7 percent is the strongest quarterly performance in over 10 years. First quarter digital sales increased 28 percent, on top of 21 percent growth in first quarter 2017. GAAP EPS from continuing operations were $1.33, up 9.1 percent from last year. Adjusted EPS1 were $1.32, up 9.4 percent from last year. The Company saw broad market share gains across its core merchandise categories. In the first quarter the Company completed 56 remodels, opened 7 new stores, introduced 3 new brands and a successful limited-time collaboration with... More