Categories AlphaGraphs, 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!

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