Target (TGT) Tops Q3 EPS by 17c, Lifts FY EPS Guidance

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Go back to Target (TGT) Tops Q3 EPS by 17c, Lifts FY EPS Guidance

Target Reports Third Quarter 2019 Earnings

November 20, 2019 6:30 AM EST

MINNEAPOLIS, Nov. 20, 2019 /PRNewswire/ -- 

Third quarter comparable sales grew 4.5 percent, on top of 5.1 percent last year, meaning that comparable sales have risen nearly 10 percent over the last two years. Third quarter comparable sales growth reflects 2.8 percent growth in stores and a 1.7 percentage point contribution from digital sales. Third quarter comparable digital channel sales grew 31 percent, on top of 49 percent last year. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for 80% of Target's digital comparable sales growth. Third quarter comparable traffic grew 3.1 percent,... More