Target (TGT) Tops Q2 EPS by 15c, Revenue In-Line, Comps Increase 8.9%

Target (NYSE: TGT) reported Q2 EPS of $3.64, $0.15 better than the analyst estimate of $3.49. Revenue for the quarter came in at $25.1 billion versus the consensus estimate of $25.08 billion.

• Second quarter comparable sales grew 8.9 percent, on top of record growth of 24.3 percent last year.

Fiscal 2021 Guidance:

For the second half of 2021, the Company expects high single digit growth in comparable sales, near the high end of the previous guidance range.

The Company now expects its full year operating income margin rate will be 8 percent or higher.

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

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