Target Corporation Provides Earnings Guidance for the Second Quarter of 2021 and Full Year of 2021
May 19, 2021 at 06:30 am EDT
Target Corporation provided earnings guidance for the second quarter of 2021 and full year of 2021. The company expects mid-to-high single digit growth in comparable sales. The Company expects its second-quarter operating margin rate will be well above the second quarter 2019 rate of 7.2%, but likely not as high as last year's unprecedented 10.0%.
For full-year 2021, the Company expects positive single-digit comparable sales growth in the last two quarters of the year, and expects its full-year operating margin rate will be well above the 2020 rate of 7.0%, with the potential to reach 8% or somewhat higher.