Target Posts Q2 EPS of $4.11, Beating Expectations
TGT sits 77% above its 52-week low of $83.44.
Summary
Target reported Q2 EPS of $4.11, beating expectations and following a robust Q1 with 6.7% revenue growth and 4.7% in-store comps. The company lifted its annual forecasts again, citing a positive operational turnaround with improving traffic and gross margins. Q2 results included $994 million of pretax tariff refund benefits, and digital delivery drove sales momentum. Promotional price cuts fueled an upgraded FY revenue outlook. Despite the better-than-expected earnings and raised guidance, the stock fell.
At the time of this announcement, TGT was trading at $147.98 on NYSE in the Trade & Services sector, with a market capitalization of approximately $69.3B. The 52-week trading range was $83.44 to $156.47. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.