Target (TGT) Tops Q3 EPS by 6c, Beats on Revenues; Boosts FY17 EPS Guidance Above Consensus
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Target Reports Third Quarter 2017 Earnings
November 15, 2017 6:30 AM ESTComparable sales and EPS near the high end of expectations
Third quarter comparable traffic grew 1.4 percent. Comparable sales increased 0.9 percent. Third quarter GAAP EPS from continuing operations of $0.87 and Adjusted EPS1 of $0.91 were near the upper-end of the guidance range of $0.75 to $0.95. Comparable digital channel sales increased 24 percent, on top of 26 percent growth in third quarter 2016. In the third quarter, Target devoted $847 million to capital investment, paid dividends of $339 million, and returned $171 million through share repurchases.... More