Target's (TGT) Q3 Comp Guidance Misses
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Target Reports Second Quarter 2015 Earnings
August 19, 2015 8:01 AM EDTAdjusted EPS increased 20.6 percent from last year; Comparable sales rose 2.4 percent
Second quarter Adjusted EPS of $1.22 was above the companys expected range of $1.04 to $1.14. The Company now expects full-year 2015 Adjusted EPS of $4.60 to $4.75, compared with prior guidance of $4.50 to $4.65. Second quarter comparable sales growth of 2.4 percent was in line with the companys expectations, driven primarily by growth in comparable transactions. Comparable sales in signature categories (Style, Baby, Kids and Wellness) grew three times faster than the company average, resulting in... More