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A 25% stock decline in one day is pretty impressive! However the Earnings Per Share (EPS) missed estimates by 28%. Sales grew about 3%. Target’s operating marg
by webinvest 4y ago
A 25% stock decline in one day is pretty impressive! However the Earnings Per Share (EPS) missed estimates by 28%. Sales grew about 3%.
Target’s operating margin rate is 5.3% so for every $100 you spend there Target retains only $5.30 as profit.
More information here from Target’s Investor Relations:
https://investors.target.com/news-releases/news-release-details/target-corporation-reports-first-quarter-earnings-1 https://investors.target.com/news-releases/news-release-deta...