Target (TGT) Tops Q4 EPS by 49c, Revenue Beats; Guides Below Views

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Go back to Target (TGT) Tops Q4 EPS by 49c, Revenue Beats; Guides Below Views

Target Corporation Reports Fourth Quarter and Full-Year 2022 Earnings

February 28, 2023 6:30 AM EST

MINNEAPOLIS, Feb. 28, 2023 /PRNewswire/ --

Q4 2022 Highlights    

Comparable sales increased 0.7 percent, on top of 8.9 percent in Q4 2021, driven entirely by an increase in guest traffic.Same-day services (in-store pickup, Drive Up, and Shipt), which represent more than 10 percent of total sales, increased 4.3 percent in the quarter. Inventory at the end of the quarter was 3 percent lower than in 2021, despite an increase in early receipts compared with last year. Inventory in discretionary categories was approximately 13 percent lower than a year... More