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.