Target Fourth-Quarter Revenue Falls Short of Estimates
Target (NYSE: TGT) reported full fourth-quarter earnings today that missed earlier estimates after a less-than-stellar holiday season.
This is Target's 11th consecutive quarter of positive comps as the company has powered up its digital options, offered competitive delivery options, and expanded its company-owned product lines.
Comps were up 1.5% with digital sales increasing 20%. Same-day delivery options contributed 80% of digital comp growth. Earnings per share came in at $1.63, a 6.9% increase year over year, with adjusted EPS at $1.69, up 10.6% year over year.
Source Fool.com
