Company Earnings Update 4 minutesRegister for Free AccessTarget (TGT) 2Q18 Results: Beats Consensus Estimates and Raises Guidance Coresight Research August 23, 2018 Executive Summary Target reported 2Q18 adjusted EPS of $1.47, beating the consensus estimate of $1.40. Revenues were $17.78 billion, up by 6.9% year over year and beating the consensus estimate of $17.31 billion. In-store comps were up by 4.5%, beating the 4.0% consensus estimate. Total comps increased by 6.4%, driven by 41% growth in digital sales. The company raised 2018 guidance for adjusted EPS to $5.30–$5.50, up from $5.15–$5.45 previously. Target now expects a low-single-digit increase in comps, compared to initial guidance of sales growth in the low-to-mid single digits. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Focus on Meaningful Consumption: China Consumer Survey InsightsRetailTech: RFID Is the Technology That Keeps on Giving to Retailers (and Associates and Consumers)Coresight Bites: US Consumer Tracker—More Shoppers Cut Grocery Purchases Amid High Inflation AwarenessNavigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth