Target: raises forecasts after successful holiday season
(CercleFinance.com) - Boasting stronger-than-expected sales over the holiday season, Target has raised its forecasts for its fourth accounting quarter, now expecting adjusted EPS of between 1.
30 dollar and 1.40 dollar, a previous range of 1.05 dollar to 1.25 dollar.
The discount retailer is therefore looking for adjusted EPS of between 4.64 dollars and 4.74 dollars (against 4.40 dollars to 4.60 dollars previously expected) over the entire current fiscal year and expects between 5.15 dollars and 5.45 dollars the next year, taking into account the recent tax reform.
Over the months of November and December 2017, it saw its sales at constant stores increase by 3.4%, exceeding its target range of 0-2%, particularly thanks to dynamic online sales. It now expects FY growth of just over 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
30 dollar and 1.40 dollar, a previous range of 1.05 dollar to 1.25 dollar.
The discount retailer is therefore looking for adjusted EPS of between 4.64 dollars and 4.74 dollars (against 4.40 dollars to 4.60 dollars previously expected) over the entire current fiscal year and expects between 5.15 dollars and 5.45 dollars the next year, taking into account the recent tax reform.
Over the months of November and December 2017, it saw its sales at constant stores increase by 3.4%, exceeding its target range of 0-2%, particularly thanks to dynamic online sales. It now expects FY growth of just over 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.