Target Corporation Provides Earnings Guidance for the First Quarter and Full Year 2023
February 28, 2023 at 06:30 am EST
Target Corporation provided earnings guidance for the first quarter and full year 2023. For the quarter, the company expects comparable sales in a wide range, from a low-single digit decline to a low-single digit increase, and an operating income margin rate of 4 to 5 percent. First quarter GAAP EPS and adjusted EPS are both expected to range from $1.50 to $1.90.
For the year, the company expects comparable sales in a wide range from a low-single digit decline to a low-single digit increase. Operating income is expected to grow more than $1 billion, and GAAP EPS and adjusted EPS are both expected to range from $7.75 to $8.75.