earnings
confidence high
sentiment negative
materiality 0.90
Target Q1 EPS $2.16 (-48% YoY); operating margin 5.3% vs 9.8%; FY margin guided ~6%
TARGET CORP
2022-Q1 EPS reported
$2.16
revenue$25,170,000,000
- GAAP EPS $2.16 down 48.2% YoY; adjusted EPS $2.19 down 40.7%.
- Revenue $25.2B +4.0%; comparable sales +3.3% on +22.9% last year.
- Gross margin rate 25.7% vs 30.0% due to markdowns, freight, excess inventory.
- Operating margin 5.3% vs 9.8%; Q2 guided ~5.3%, FY2022 guided ~6%.
- Entered $2.75B ASR; dividends per share increased 32.4%.