Target Corp
TGT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| DPD | LOCK|sp | LOCK|@xp?W> |
Target Earnings: Financial Marks Under Pressure Amid Precarious Economic Climate, Tough Competition
Target's revenue declined 3% in the first quarter, underpinned by a 3.8% drop in comparable sales. Transaction count and average ticket declined by 2.4% and 1.4%, respectively. Profits were pressured as adjusted operating margin fell 160 basis points to 3.7% and adjusted EPS dropped 36% to $1.30.
