{"id":11198,"date":"2024-03-05T17:38:35","date_gmt":"2024-03-05T12:08:35","guid":{"rendered":"https:\/\/bigbreakingwire.in\/tgt-reports-strong-q4-performance-surpassing-estimates-issues-cautious-guidance-for-q1-and-2025-fiscal-year\/"},"modified":"2024-03-05T17:38:40","modified_gmt":"2024-03-05T12:08:40","slug":"tgt-reports-strong-q4-performance-surpassing-estimates-issues-cautious-guidance-for-q1-and-2025-fiscal-year","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/tgt-reports-strong-q4-performance-surpassing-estimates-issues-cautious-guidance-for-q1-and-2025-fiscal-year\/","title":{"rendered":"Target Reports Strong Q4 Performance, Surpassing Estimates; Issues Cautious Guidance for Q1 and 2025 Fiscal Year"},"content":{"rendered":"
<\/div>\n

Target Q4 Earnings Highlights:<\/strong><\/p>\n\n\n\n

– Adjusted EPS: $2.98, surpassing the $1.89 YoY and exceeding the estimated $2.40.<\/p>\n\n\n\n

– Comparable sales: -4.4% compared to +0.7% YoY, slightly better than the estimated -4.56%.
<\/p>\n\n\n\n

– Digital sales performance: -0.7% YoY, beating expectations at -5.2%.
<\/p>\n\n\n\n

– Total sales: $31.47B, reflecting a 1.6% YoY increase, slightly above the estimated $31.35B.
<\/p>\n\n\n\n

– Gross margin: 25.6%, an improvement from 22.7% YoY and higher than the estimated 25%.
<\/p>\n\n\n\n

– EBIT: $1.89B, marking a substantial 62% YoY increase. EBITDA: $2.62B, exceeding the estimated $2.23B.<\/p>\n\n\n\n

– Customer transactions: -1.7% YoY, and average transaction amount decreased by <\/p>\n\n\n\n

-2.8% YoY, deviating from the estimated -0.95%.
<\/p>\n\n\n\n

– Digital sales share: 21.3% of total sales, up from 20.8% YoY.<\/p>\n\n\n\n

– Total stores: 1,956, a modest 0.4% YoY increase, slightly below the estimated 1,966.
<\/p>\n\n\n\n

– SG&A expense: $6.03B, a 6.2% YoY increase, just below the estimated $6.07B.<\/p>\n\n\n\n

– Store comparable sales: -5.4% YoY, falling short of the +1.9% YoY and the estimated -4.93%.<\/p>\n\n\n\n

– Stores originated sales: 78.7% YoY, slightly lower than the 79.2% YoY but in line with the estimated 78.7%.<\/p>\n\n\n\n

– Operating income: $1.87B, a robust 61% YoY increase, surpassing the estimated $1.53B.

Q1 Guidance:<\/strong>

– Adjusted EPS guidance: $1.70 to $2.10, slightly below the estimated $2.07.
<\/p>\n\n\n\n

– Comparable sales guidance: -3% to -5%, lower than the estimated -3.36%.

2025 F\/Y Guidance:<\/strong>

– Adjusted EPS guidance: $8.60 to $9.60, below the estimated $9.12.
<\/p>\n\n\n\n

– Comparable sales guidance: 0% to +2%, slightly below the estimated +0.98%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Target Q4 Earnings Highlights: – Adjusted EPS: $2.98, surpassing the $1.89 YoY and exceeding the estimated $2.40. – Comparable sales: -4.4% compared to +0.7% YoY,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[619],"tags":[1479,1481,2057,1037,2056],"class_list":["post-11198","post","type-post","status-publish","format-standard","hentry","category-stocks-in-news","tag-adjusted-eps","tag-comparable-sales","tag-digital-sales","tag-earnings","tag-target-q4-results","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-2UC","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=11198"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11198\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=11198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=11198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=11198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}