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. 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: December 2023 US Housing Market Indicators: Positive Shifts To Start the New YearChina Consumer Tracker: Avoidance Drops Ahead of Chinese New YearInnovator Profile: Rapid Delivery Analytics Closes the Data Gap Created by Delivery AppsBrand Influence, Customer Experiences, AI, Sustainability and Talent Matter: Insights from NextGen Commerce, a Coresight Research Conference