UPDATE: Target (TGT) Tops Q1 EPS by 7c; Boosts Low-End of FY15 EPS Outlook

Target (NYSE: TGT) reported Q1 EPS of $1.10, $0.07 better than the analyst estimate of $1.03. Revenue was $17.12 billion, versus the consensus of $17.08 billion.

First quarter comparable sales increased a better-than-expected 2.3 percent, driven by growth in both transactions and basket size.

Fiscal 2015 Earnings Guidance

• In second quarter 2015, Target expects Adjusted EPS of $1.04 to $1.14, compared with $1.01 in second quarter 2014. (The Street sees $1.12.)
• The Company now expects full-year 2015 Adjusted EPS of $4.50 to $4.65, compared with prior guidance of $4.45 to $4.65. (The consensus is at $4.56.)

For earnings history and earnings-related data on Target (TGT) click here.

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