What to Expect from Target Corporation's Q2 2024 Earnings Report
Tuesday, 13 August 2024, 17:40
Key Metrics for Target's Q2 2024 Earnings Report
Target Corporation (NYSE: TGT) is scheduled to release its Q2 2024 earnings report on August 21, before market open. Here’s a comprehensive look at what to expect:
Projected Revenue
- Analysts forecast revenue to be $25.24 billion, compared to $24.8 billion reported in Q2 2023.
- This follows a 3.1% decline year-over-year, with Q1 2024 revenue at $24.5 billion.
Earnings Guidance
- Target has guided for adjusted EPS to be between $1.95 and $2.35.
- This indicates a potential increase compared to the $1.80 EPS reported in Q2 2023.
Additional Considerations
- Comparable Sales: Projected growth of 0-2% after a 3.7% decline in Q1.
- Digital Sales: Noteworthy increase of 1.4% in the last quarter.
- Gross Margin Improvement: Aided by cost savings and strategies to combat inventory shrink.
In conclusion, while inflation and economic uncertainty present challenges, Target's proactive strategies in enhancing its multi-category assortment and operational efficiency may lead to a positive Q2 report.
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.