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: Earnings Insights 1Q24, Week 1: L’Oréal and Skechers Report Positive Sales Growth, Columbia Sportswear and Levi’s Post Sales DeclinesInnovator Profile: Inoqo Drives Transparency Around Sustainability in Grocery RetailOctober 2023 UK Retail Sales: Growth Slides Again Amid High Borrowing Costs and Unfavorable WeatherShoptalk 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail Disruption