Target (TGT) Tops Q2 EPS by 7c, Has Best Comp in 13 Years
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Target Reports Second Quarter 2018 Earnings
August 22, 2018 6:30 AM EDTMINNEAPOLIS, Aug. 22, 2018 /PRNewswire/ --
Traffic growth of 6.4 percent is by far the strongest since the Company began reporting traffic in 2008. Comparable sales increased 6.5 percent, the best comp at Target in 13 years. Comparable store sales grew 4.9 percent. Comparable digital sales grew 41 percent, on top of 32 percent growth a year ago. GAAP EPS from continuing operations were $1.49, up 22.7 percent from last year. Adjusted EPS1 were $1.47, up 19.8 percent from last year. For the back half of 2018, the Company has... More