Target Says Q2 Results Include $994 Million Of Pretax Tariff Refund Benefits - TGT News | RalliesTarget Says Q2 Results Include $994 Million Of Pretax Tariff Refund Benefits
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TGT• Target reports Q2 earnings, sales and tariff refund benefit
- Target Corp. reported Q2 adjusted EPS of $4.11.
- The company said Q2 results include $994 million of pretax tariff refund benefits within gross margin and operating income.
- Q2 net sales were $26.54 billion, compared with the IBES estimate of $26.14 billion.
- Q2 comparable sales rose 3.8%, versus the IBES estimate of up 2.5%.
- Target said its FY adjusted EPS outlook is $9.90 to $10.90, which includes Q2 tariff refund benefits of about $1.65.
- Excluding tariff refunds, the midpoint of FY adjusted EPS guidance reflects a $0.75 increase versus prior guidance.
- Target's FY net sales growth outlook is around 5%, one percentage point higher than the prior guidance range.
- The company said that over the past year it has reduced prices on more than 10,000 frequently purchased items.
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