Target (TGT) Stock Surges 15% on EPS and Outlook Beat,, Analysts Impressed

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Target Corporation Reports Fourth Quarter and Full-Year 2021 Earnings

March 1, 2022 6:30 AM EST

MINNEAPOLIS, March 1, 2022 /PRNewswire/ --

Q4 2021 Highlights     

Comparable sales grew 8.9 percent, on top of 20.5 percent in Q4 2020. Comparable traffic grew 8.1 percent on top of 6.5 percent in Q4 2020. More than 95 percent of Target's fourth quarter sales were fulfilled by its stores. EPS established an all-time high with GAAP EPS of $3.21 and Adjusted EPS1 of $3.19, despite significant investments in team, price, and inventory availability.

Full-Year 2021 Highlights

Target delivered $106 billion in total revenue, having grown nearly $28 billion, or more... More