Categories AlphaGraphs, Earnings, Retail

TGT Earnings: Key quarterly highlights from Target’s Q1 2022 financial results

Target Corporation (NYSE:TGT) reported first quarter 2022 earnings results today.

Total revenue grew 4% year-over-year to $25.2 billion.

Net income declined 52% to $1 billion while EPS fell 48% to $2.16. Adjusted EPS decreased 41% to $2.19.

The top line beat estimates but the bottom line fell short of expectations, sending the stock crashing 22% during premarket hours on Wednesday.   

For the full year of 2022, the company expects low to mid single digit revenue growth.

Prior performance

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

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top