Consumer Discretionary

Target (NYSE:TGT) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.76 by 16.48 percent. This is a 6.39 percent decrease over earnings of $2.19 per share from the same period last year. The company reported quarterly sales of $25.32 billion which beat the analyst consensus estimate of $25.29 billion by 0.12 percent. This is a 0.60 percent increase over sales of $25.17 billion the same period last year.

Target (NYSE:TGT) reported fiscal Q1 adjusted earnings  of $2.05 per diluted share, down from $2.19 a year earlier. Analysts polled by Capital IQ expected $1.76. Revenue for the quarter ended April 29 was $25.32 billion, compared with $25.17 billion a year earlier. Analysts surveyed by Capital IQ expected $25.28 billion. For fiscal Q2, the retailer said it expects adjusted EPS of $1.30 to $1.70 and comparable sales to decline by low-single digits. Analysts surveyed by Capital IQ expect EPS of $1.93. For fiscal 2023, the company said it maintained its outlook, including adjusted EPS of $7.75 to $8.75 and comparable sales in a wide range from a low-single digit decline to a low-single digit increase. Analysts polled by Capital IQ expect EPS of $8.47.