Target's Stock Gains Post Q4 EPS Beat; Top-Line Misses Consensus
Target Corp (NYSE:TGT) reported fourth-quarter FY21 sales growth of 9.4% year-on-year, to $30.99 billion, missing the consensus of $31.41 billion. Comparable sales grew 8.9% versus 20.5% growth last year. Comparable stores sales increased 8.9%, and digital sales rose 9.2%. Adjusted EPS of $3.19 beat the consensus of $2.86. The gross margin for the quarter contracted 110 basis points…
Benzinga ·