Company Earnings Update 10 minutesRegister for Free AccessTarget Corp. (NYSE: TGT): 4Q18 Results Beat Expectations, Guides Up and Holds an Upbeat Investor Meeting Coresight Research March 6, 2019 Executive Summary Target reported flat 4Q18 total revenues of $22.98 billion, with sales below consensus, however, the year-ago quarter included one extra week ($1.2 billion) of sales. Adjusted EPS was $1.53, beating consensus by a penny. Comps grew 5.3%, beating consensus. Digital sales grew 31%. For 2019, Target expects a low- to mid-single-digit increase in comps, a mid-single-digit increase in operating income and EPS of $5.75-6.05 (up 7-12%), above consensus of $5.61. Target held an upbeat, well-attended investor meeting in New York City, in which management illustrated the successes of investments it began in 2016 in addition to its “durable financial model,” which calls for sales growth in the low- to mid-single digits, leading to earnings per share growth in the high-single digits. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail-Tech Landscape: Generative AI ApplicationsWeekly US and UK Store Openings and Closures Tracker 2024, Week 11: The Body Shop Closes All US Stores; Dollar Tree, Inc. To Shutter 1,000 LocationsChina Consumer Tracker: More Consumers Are Making Discretionary PurchasesMarket Navigator: US Drugstore and Pharmacy Retailers—A Strong Focus on Healthcare Expansion in 2024 and Beyond