Target (TGT) Tops Q4 EPS by 4c, Offers Q1 and FY Guidance
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Target Reports Fourth Quarter and Full-Year 2019 Earnings
March 3, 2020 6:30 AM ESTMINNEAPOLIS, March 3, 2020 /PRNewswire/ --
Fourth quarter comparable sales grew 1.5 percent, reflecting comparable digital sales growth of 20 percent. Same-day services (Order Pick Up, Drive Up and Shipt) accounted for more than 80 percent of Target's fourth-quarter comparable digital sales growth. Fourth quarter GAAP EPS from continuing operations of $1.63 was 6.9 percent higher than last year. Adjusted EPS1 of $1.69 was 10.6 percent higher than last year. Full-year comparable sales grew 3.4 percent, reflecting comparable digital sales growth of 29 percent. 2019 marks the sixth consecutive year in which Target's... More