Target (TGT) Tops Q1 EPS by 10c, Q2 EPS Guidance Beats, Offers FY19 Guidance

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Go back to Target (TGT) Tops Q1 EPS by 10c, Q2 EPS Guidance Beats, Offers FY19 Guidance

Target Reports First Quarter 2019 Earnings

May 22, 2019 6:30 AM EDT

MINNEAPOLIS, May 22, 2019 /PRNewswire/ --

First quarter comparable sales grew 4.8 percent on traffic growth of 4.3 percent. First quarter comparable digital channel sales grew 42 percent, on top of 28 percent last year. Comparable digital sales contributed 2.1 percentage points to Target's overall comparable sales growth. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) drove well over half of the Company's digital sales growth.First-quarter operating income of $1.135 billion was 9.0 percent higher than a year ago. GAAP EPS from continuing... More