Target Corporation Reports First Quarter Earnings

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Target (TGT) Plunges 21% Following Disappointing Results

May 18, 2022 6:41 AM EDT

Target (NYSE: TGT) Plunges 21% Following Disappointing Results

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Target (TGT) Misses Q1 EPS by 88c, Offers Guidance for Q2 and FY22

May 18, 2022 6:31 AM EDT

(Updated - May 18, 2022 6:35 AM EDT)

Target (NYSE: TGT) reported Q1 EPS of $2.19, $0.88 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $24.83 billion versus the consensus estimate of $24.47 billion.

Comparable sales grew 3.3 percent, on top of 22.9 percent growth last... More