Target: raises EPS target range

(CercleFinance.com) - Alongside the publication of its second quarter results, Target said that it now expects adjusted EPS of between 5.
90 dollars and 6.20 dollars, compared with a previous target range of 5.75 dollars to 6.05 dollars.

The discount store chain posted Q2 adjusted EPS that is up over 20% at 1.82 dollar, setting a new historical record, with a 0.8-point improvement in its operating margin to 7.2%.

Revenues increased 3.6% to 18.4 billion dollars, including like-for-like growth of 3.4%, supported by a positive 1.8-point contribution resulting from a 34% jump in online sales.


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