Company Earnings Update 5 minutesRegister for Free AccessTarget (NYSE: TGT): 1Q19 Results Beat Consensus Estimates, 4.8% Comps and 42% E-Commerce Growth, Reiterates 2019 Guidance Coresight Research May 23, 2019 Executive Summary Target reported 1Q19 total revenues of $17.63 billion, up 5.0% and beating the $17.46 billion consensus estimate. Adjusted EPS was $1.53, beating consensus by a dime. Comps grew 4.8%, beating consensus of 4.1%. Digital sales growth accelerated to 42%, on top of 28% in the year-ago quarter. Target reiterated its 2019 guidance of 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%). 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: Retail 2024 Sector Outlooks: EbookAnalyst Corner—An Economic Worry for China?: The Population Decline, with Charlie PoonAnalyst Corner—Looking Forward to 2025: Why Retail Media Excites Me, with Manik BhatiaMacy’s Announces 150 Store Closures—A Turnaround Effort To Drive Performance
