Company Earnings UpdateTarget (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Kering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their StrengthsThree Data Points We’re Watching This Week, Week 23: US Retail Sectors in FocusWeekly US Store Openings and Closures Tracker 2025, Week 28: Store Closures Climb by Two-Thirds vs. Last YearHoliday 2025: Black Friday Preview—Value, AI and Extended Promotions To Drive Sales This Year
