Target reports Q2 adjusted EPS $4.11, raises full-year outlook
Target reports Q2 adjusted EPS of $4.11, net sales of $26.54 billion versus $26.14 billion estimated, comparable sales up 3.8%, and lifts FY net sales growth guidance to around 5%.
Story updates
10:32:25 AM UTC
SquawkNews
TGT (Recap) Target Q2 2027 Earnings Adj. EPS $4.11, est. $2.29 Net sales $26.54B, est. $26.11B Comp sales +3.8%, est. +2.43% Gross margin 33.7% Sees FY adj. EPS $9.90 to $10.90 Average transaction amount misses estimates Lifts full-year outlook as recovery efforts gain ground
10:36:11 AM UTC
SquawkNews
TGT Q2 adj EPS $4.11 vs. est. $2.29; Q2 sales rose 5.3% Y/y to $26.54B vs. est. $26.14B; Q2 comp sales rose +3.8% vs. est. +2.43%; Q2 operating Income jumped 94.4% Y/y to $2.56B helped by $994M in pretax refunds; Q2 Operating margin widened 4.4% to 9.6%; gross margin rate expanded 4.7 percentage points to 33.7%; raises FY EPS view to $9.90-$10.90 from prior $7.5-$8.50 and sees net sales growth around 5% vs. prior range of 4%; shares -3% premarket
75 increase vs prior guidance