Target (TGT) Tops Q1 EPS by 10c; Guides Q2 EPS Below Views
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Target Reports First Quarter 2016 Earnings
May 18, 2016 8:03 AM EDTAdjusted EPS of $1.29, up 16.5 percent from first quarter 2015
First quarter Adjusted EPS of $1.29 was above the companys guidance of $1.15 to $1.25. First quarter comparable sales increased 1.2 percent, driven by growth in both traffic and basket. Comparable digital channel sales increased 23 percent, on top of 38 percent growth in first quarter 2015. First quarter comparable sales in signature categories (Style, Baby, Kids and Wellness) grew more than three times as fast as the company average. The... More