Company Earnings Update 2 minutesRegister for Free AccessTarget (TGT) 1Q16 Results: Company Provides Softer 2Q Outlook Coresight Research May 18, 2016 Executive Summary Target reported adjusted 1Q16 EPS of $1.29 versus the consensus estimate of $1.19. Total revenues were $16.20 billion versus expectations of $16.31 billion, down 5.4% year over year. Comps increased by 1.2% versus consensus of 1.7%. Store comps were up 0.6% and the digital channel contributed 0.6% to comps. Full-year EPS guidance is unchanged, at $5.20–$5.40. Despite the recent slowdown in consumer trends and the company’s tempered outlook for 2Q16, management believes its prior projections for the full year are still achievable. 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 3Q24, Week 6: Best Buy, Kohl’s and Macy’s Report Comp DeclinesGenerative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIRetail Innovation: State of In-Store Retailing and Opportunity To Redefine OperationsUnleashing the Power of Retail Media with First-Party Data and Location Analytics