Categories AlphaGraphs, Earnings, Retail
TGT Earnings: All you need to know about Target’s Q2 2024 earnings results
Target Corporation (NYSE: TGT) reported its second quarter 2024 earnings results today.
Total revenue increased 2.7% YoY to $25.5 billion. Comparable sales increased 2%.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/08/Target-Q2-2024-Earnings-Infographic-628x1024.jpg)
Net earnings increased 43% to $1.2 billion, or $2.57 per share, compared to last year. Adjusted EPS was $2.57.
Revenue and earnings beat expectations, sending the stock soaring over 15% in premarket hours on Wednesday.
For the third quarter of 2024, Target expects a 0-2% increase in comparable sales. GAAP and adjusted EPS are both expected to range between $2.10-2.40.
The company increased its earnings outlook for the full year of 2024 and now expects GAAP and adjusted EPS of $9.00-9.70, versus the prior range of $8.60-9.60.
Prior performance
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/05/Target-Q1-2024-Earnings-Infographic-628x1024.jpg)
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
What to look for when Lennar Corporation (LEN) reports its Q3 2024 earnings results
Shares of Lennar Corporation (NYSE: LEN) were down over 1% on Tuesday. The stock has gained over 16% in the past three months. The homebuilder is scheduled to report its