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BRIEF-Target Q4 adjusted EPS of $1.45
February 28, 2017 / 11:50 AM / 8 months ago

BRIEF-Target Q4 adjusted EPS of $1.45

Feb 28 (Reuters) - Target Corp

* Q4 same store sales fell 1.5 percent

* Target corp says Q4 comparable sales decreased 1.5 percent

* Target corp says Q4 comparable digital channel sales increased 34 percent

* Says Q4 gaap earnings per share (EPS) from continuing operations of $1.46

* Target corp - sees Q1 gaap eps from continuing operations and adjusted eps of $0.80 to $1.00

* Qtrly adjusted eps of $1.45

* Qtrly sales $20,690 million versus $21,626 million

* Target Corp - sees full-year 2017 gaap eps from continuing operations and adjusted eps of $3.80 to $4.20

* Q4 earnings per share view $1.51, revenue view $20.70 billion -- Thomson Reuters I/B/E/S

* Target Corp says for full-year 2017, target expects a low-single digit decline in comparable sales

* Target Corp - target expects a low-to-mid single digit decline in comparable sales in Q1

* Target-Will accelerate investments in network of physical,digital assets and differentiated assortment, including launch of more than 12 new brands

* Will also invest in lower gross margins to ensure co is competitively priced every day

* Target Corp - will accelerate investments in network of physical and digital assets as well as exclusive and differentiated assortment over next two years

* Target-Q4 results reflect impact of rapidly-changing consumer behavior, which drove very “strong” digital growth but unexpected “softness” in stores

* Expects investments in new model to present headwinds to sales and profit performance in short term Source text for Eikon: Further company coverage:

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