Target: EPS down 12% in Q3
(CercleFinance.com) - Target reported adjusted EPS of $1.
85 for its third fiscal quarter, down 11.9% year-on-year, with operating margin down 0.6 points to 4.6% on revenues up 1.1% to $25.7 billion.
On a like-for-like basis, the low-price retail group's sales rose by 0.3%, with a 1.9% contraction in store sales slightly more than offset by a 10.8% increase in online sales.
Target expects its fourth-quarter sales to be roughly stable on a comparable basis, and adjusted EPS between $1.85 and $2.45, a target range implying a full-year forecast of $8.30 to $8.90.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
85 for its third fiscal quarter, down 11.9% year-on-year, with operating margin down 0.6 points to 4.6% on revenues up 1.1% to $25.7 billion.
On a like-for-like basis, the low-price retail group's sales rose by 0.3%, with a 1.9% contraction in store sales slightly more than offset by a 10.8% increase in online sales.
Target expects its fourth-quarter sales to be roughly stable on a comparable basis, and adjusted EPS between $1.85 and $2.45, a target range implying a full-year forecast of $8.30 to $8.90.
Copyright (c) 2024 CercleFinance.com. All rights reserved.