Target Corporation (NYSE: TGT) reported first quarter 2023 earnings results today.
Total revenue of $25.3 billion remained relatively flat compared to the same period last year. Comparable sales were also flat.
Net earnings fell 5.8% to $950 million, or $2.05 per share, compared to last year. Adjusted EPS decreased 6.2% to $2.05.
For the second quarter of 2023, both GAAP and adjusted EPS are expected to range between $1.30-1.70.