What to Expect from Target Corp.'s Q1 2024 Earnings Report
Tuesday, 14 May 2024, 17:36
Revenue
Analysts project Q1 2024 revenue of $24.5 billion, a slight decrease from the previous year. Total revenue for Q4 2023 was nearly $32 billion.
Earnings
Target's Q1 2024 EPS guidance ranges between $1.70-2.10, with analysts predicting an EPS of $2.05.
Points to Note
- Comparable Sales: Expectation of 3-5% decline in Q1 2024, following a 4.4% decline in Q4 2023.
- Growth Strategies: Target focuses on store fleet, product mix, and digital capabilities to enhance customer value.
- Margin Challenges: Operating margins improved, but inventory shrink remains a concern.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.