Thu, May 15, 7:50 PM (38 days ago)
**Company:** Target Corporation (TGT) **Summary:** Target Corporation reported its Q2 2023 financial results, highlighting strong quarterly performance. Revenue increased by 2.6% year-over-year (YoY) to $26,903,000, driven by a 2.2% rise in comparable sales. The company's gross margin rate improved by 35 basis points, reaching 30.1%, while the operating margin rate expanded by 30 basis points to 7.2%. Net earnings grew by 14.1% YoY to $1,829,000, with earnings per share (EPS) increasing by 16.4% to $3.54. Target's cash flow from operations amounted to $3,692,000, reflecting a 15.4% increase YoY. The company repurchased $1,112,000 of its common stock and paid $360,000 in dividends during the quarter. Looking ahead, Target expects full-year 2023 adjusted EPS to be in the range of $8.70 to $9.40, reflecting a growth of 3% to 9% over the prior year. The company continues to invest in its stores, digital capabilities, and supply chain to support future growth. However, Target faces uncertainties related to inflation, consumer spending, and global supply chain disruptions, which could impact future operations. The company remains focused on delivering value to its guests and driving long-term shareholder value.