Target Corporation said on Wednesday that its total revenue in the second quarter of fiscal 2024 stood at $25.4 billion, growing 2.7% on an annual basis.
In the three months ending August 3, net income and diluted earnings per share both skyrocketed approximately 42% to reach $1.2 billion and $2.57 respectively. In its full-year 2024 outlook, the retailer raised its GAAP and adjusted EPS guidance from the prior range of $8.60 to $9.60 to a range of between $9.00 and $9.70.
"We made a commitment to get back to growth in the second quarter, and the team delivered, all while expanding operating margins and growing EPS by more than 40% compared to last year. Importantly, our growth was driven entirely by traffic in stores and our digital channels, with double-digit growth in our same-day delivery services," CEO Brian Cornell commented.
