Target (NYSE:TGT) reported its Q1 earnings results yesterday, with revenue of $25.32 billion coming in roughly in line with the Street estimate of $25.37 billion. EPS was $2.05, beating the Street estimate of $1.79. This positive, however, was somewhat offset by the fact that comp decelerated throughout the quarter and the implied H2 EPS weighting.
For Q2/24, the company expects EPS in the range of $1.30-$1.70, compared to the Street estimate of $1.93. For the full year, management sees EPS at $7.75-$8.75, compared to the Street estimate of $8.44.
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