Categories AlphaGraphs, Earnings, Retail
TGT Earnings: All you need to know about Target’s Q2 2023 earnings results
Target Corporation (NYSE: TGT) reported second quarter 2023 earnings results today.
Total revenue was $24.8 billion, down 4.9% from the same period a year ago. Comparable sales declined 5.4%.
Net earnings were $835 million, or $1.80 per share, compared to $183 million, or $0.39 per share, last year. Adjusted EPS was $1.80.
Earnings beat expectations while revenue fell short.
For the third quarter of 2023, Target expects comparable sales in a wide range around a mid-single digit decline, and GAAP and adjusted EPS of $1.20-1.60.
For the full year of 2023, the company expects comparable sales in a wide range around a mid-single digit decline. The retailer now expects full-year GAAP and adjusted EPS to range between $7.00-8.00, versus its prior outlook of $7.75-8.75.
The stock jumped 8% during premarket hours on Wednesday.
Prior performance
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with
