Target Reports Third Quarter 2019 Earnings

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Go back to Target Reports Third Quarter 2019 Earnings

Target (TGT) Tops Q3 EPS by 17c, Lifts FY EPS Guidance

November 20, 2019 6:31 AM EST

Target (NYSE: TGT) reported Q3 EPS of $1.36, $0.17 better than the analyst estimate of $1.19. Revenue for the quarter came in at $18.7 billion versus the consensus estimate of $18.49 billion.

Third quarter comparable sales grew 4.5 percent, on top of 5.1 percent last year, meaning that comparable sales have risen nearly 10 percent over the last two years.

Brian Cornell, chairman and CEO of Target, said "The Target team did an excellent job serving our guests and executing our strategy throughout... More