Yahoo Finance headline: Target earnings miss again, CEO looks to ‘leaning into’ holiday season
Brian Sozzi
Brian Sozzi·Anchor, Editor-at-Large
Wed, August 17, 2022 at 6:30 AM·3 min read
https://finance.yahoo.com/news/target-earnings-miss-again-10…
Here is how Target performed compared to Wall Street estimates for the second quarter:
Net Sales: $26 billion vs. $25.84 billion
Comparable Sales: +2.6% vs. $2.84%
Gross Profit Margin: 21.5% vs. 24.2%
Operating Income: $321 million vs. $534.8 million
Diluted EPS: $0.39 vs. $0.73
Full Year Outlook:
Sales: up low to mid-single digit percentage
Operating Margin: “around” 6% in the second half of the year