Company Earnings UpdateTarget (TGT) 1Q16 Results: Company Provides Softer 2Q Outlook Coresight Research May 18, 2016 Executive Summary Target reported adjusted 1Q16 EPS of $1.29 versus the consensus estimate of $1.19. Total revenues were $16.20 billion versus expectations of $16.31 billion, down 5.4% year over year. Comps increased by 1.2% versus consensus of 1.7%. Store comps were up 0.6% and the digital channel contributed 0.6% to comps. Full-year EPS guidance is unchanged, at $5.20–$5.40. Despite the recent slowdown in consumer trends and the company’s tempered outlook for 2Q16, management believes its prior projections for the full year are still achievable. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 17: US Retail and Consumer LatestRetail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKFinancial Sentiment Falls to 14-Month Low Ahead of Reciprocal Tariffs, But Policy Measures Aim to Stabilize Economy: China Consumer Survey InsightsAnalyst Corner: Three Consumer-Focused Predictions for US Retail for the Second Half of 2025, with Anand Kumar
