Target reports Q4 adjusted EPS $2.41, consensus $2.25

Reports Q4 revenue $30.92B, consensus $30.38B. Reports Q4 comparable sales growth 1.5%. Digital comparable sales grew 8.7%. “Our team grew traffic and delivered better-than-expected sales and profitability in our biggest quarter of the year,” said Brian Cornell, chair and chief executive officer of Target (TGT) Corporation. “Results were led by strong performance in Beauty, Apparel, Entertainment, Sporting Goods and Toys. As we look ahead, our continued investments in digital capabilities, stores and supply chain-combined with a focus on newness, value, speed and reliability-will further differentiate our one-of-a-kind physical and digital shopping experience. Consumers continue to be drawn to the everyday discovery and delight that only Target can deliver, and we’re committed to leveraging our strategy, scale and unique position in retail to build on this distinct competitive advantage and drive long-term profitable growth.”