Target (TGT) Tops Q1 EPS by 26c; Guides Q2 EPS Lower

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Go back to Target (TGT) Tops Q1 EPS by 26c; Guides Q2 EPS Lower

Target Corporation Reports First Quarter Earnings

May 17, 2023 6:30 AM EDT

MINNEAPOLIS, May 17, 2023 /PRNewswire/ -- 

Target sales grew 0.5 percent, reflecting flat comparable sales combined with the benefit of sales from new locations.Traffic grew 0.9 percent, on top of 3.9 percent in Q1 2022.Comparable stores sales grew 0.7 percent, offset by a decline in comparable digital sales.Among the components of comparable digital sales, same-day services saw mid-single digit growth, led by high-single digit growth in... More