Target has reported its results for Q1 2019:

  • Revenues totaled $17.4 billion, a 5.1% increase to last year's $16.5 billion
  • Comps increased by 4.8%
  • Traffic increased by 4.3%
  • Digital sales increased by 42%
  • Operating income totaled $1.135 billion
  • Operating margin rate increased 20 basis points (bps)
  • REDCard penetration decreased from 24.1% to 23.5%

Q2 Guidance: low- to mid- single digit comps.

Annual Guidance: maintained at low- to mid- single digit comps.

As of May 4, 2019, Target operated 1,851 stores. 

Source: Source: Target PR