Target (TGT) Tops Q2 EPS by 20c; Guides Higher

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Go back to Target (TGT) Tops Q2 EPS by 20c; Guides Higher

Target Reports Second Quarter 2019 Earnings

August 21, 2019 6:30 AM EDT

MINNEAPOLIS, Aug. 21, 2019 /PRNewswire/ --  

Second quarter comparable sales grew 3.4 percent, driven by 2.4 percent traffic growth. Comparable sales have grown approximately 10 percent over the last two years the best performance in more than a decade. Second quarter comparable digital channel sales grew 34 percent. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for nearly 1.5 percentage points of the Company's overall comparable sales growth. Second quarter operating income of $1.324 billion was 16.9 percent higher than a year ago. Operating income margin rate... More