Target sees FY23 adjusted EPS $7.75-$8.75, consensus $9.23
The Fly

Target sees FY23 adjusted EPS $7.75-$8.75, consensus $9.23

The company said, "For the full 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. Over the next three years, the Company expects its operating income margin rate will reach, and begin to move beyond, its pre-pandemic rate of 6 percent, and believes it could reach an operating income margin rate of 6 percent as early as fiscal 2024, depending on the speed of recovery for the economy and consumer demand."

Published first on TheFly

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