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The consistently strong growth we’re seeing in our business, quarter after quarter, is a testament to the passion and commitment our team brings to serving our guests, and the trust we’ve built with them as a result,” said Brian Cornell, chairman and chief executive officer of Target Corporation

Target Corporation reports third quarter earnings

Target Corporation (NYSE: TGT) today announced its third quarter 2021 financial results, which reflected growth in both sales and profitability on top of record increases a year ago. The Company reported third quarter GAAP earnings per share (EPS) of $3.04, up 51.6 percent from $2.01 in 2020. Third quarter Adjusted EPS of $3.03 grew 8.7 percent compared with $2.79 in 2020. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS

By Divya S
Published - Nov 17, 2021, 12:54 PM ET
Last Updated - Jul 04, 2024, 02:29 AM EDT

•Third quarter comparable sales grew 12.7 percent, on top of 20.7 percent growth last year.

◦Comparable sales growth was driven entirely by traffic.

◦Store comparable sales increased 9.7 percent, on top of 9.9 percent growth last year.

◦Digital comparable sales grew 29 percent, following growth of 155 percent last year.

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