earnings
confidence high
sentiment positive
materiality 0.85
Target Q2 EPS $2.57 (+43% YoY) on revenue $25.5B; raises full-year EPS guidance to $9.00-$9.70
TARGET CORP
2024-Q2 EPS reported
$4.60
revenue$49,983,000,000
- GAAP & Adjusted EPS $2.57 vs $1.80 last year; operating income $1.6B (+36.6%).
- Comparable sales +2.0% (traffic +3%, digital +8.7%); gross margin 28.9% vs 27.0%.
- Full-year EPS guidance raised to $9.00-$9.70 from $8.60-$9.60; Q3 guidance $2.10-$2.40.
- Operating margin rate 6.4% (+160 bps); ROIC 16.6% vs 13.7% a year ago.
- Paid $509M in dividends, repurchased $155M in shares (1.1M shares at avg $145.94).