Target, 1quarterly revenue of 254billion dollars reported… annual growth guidance raised to 4%
Target reported 1billion dollars in quarterly net sales254and diluted earnings per share of 1.71dollars. The company raised its annual net sales growth guidance to approximately 4%.
Target 2026 for 1quarter results. Net sales were 254billion dollars, up 7% year over year. The company said it exceeded expectations for both revenue and net income.
Diluted earnings per share were 1.71dollars, above the company’s forecast of 1.46dollars. The company said profitability improved in the quarter. Detailed line-item figures and reconciliation information are included in the quarterly report.
The company raised its annual net sales growth guidance to approximately 4%. At the same time, it disclosed that it was maintaining a cautious outlook because of economic uncertainty. The company said it would continue to review cost management and inventory operations.
The stock has risen since the start of the year 28% in recent trading, the stock has moved at less than 17times earnings per share. The company disclosed that it is maintaining its dividend.
Target's dividend yield is 3.6%. The company disclosed that it will continue its shareholder returns policy. Investors are advised to check the company's disclosures for quarterly details.
Sources: The Motley Fool
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