$TGT Earnings Miss Again

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


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