Categories AlphaGraphs, Retail

Target Corp. (TGT) Q1 Earnings: Key financials and quarterly highlights

Target Corporation (NYSE: TGT) reported first quarter 2021 earnings results today.

Total revenue increased 23.4% year-over-year to $24.1 billion. Comparable sales rose nearly 23%.

GAAP net income jumped more than 600% to $2 billion, or $4.17 per share, compared to last year. Adjusted EPS gained 525% year-over-year to $3.69.

Both revenues and earnings topped market expectations.

For the second quarter of 2021, Target expects mid to high single digit growth in comparable sales, and for the last two quarters of the year, the company estimates comparable sales to see positive single digit growth.

Prior performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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