Target Reports Strong Earnings For 3Q 2015

Target reported adjusted earnings per share rose 8.6 percent to $0.86 for the third quarter of 2015. According to the retailer, it expects full-year 2015 adjusted EPS of $4.65 to $4.75. Comparable sales grew 1.9 percent during the quarter, which was near the high end of the company’s earlier forecast. Sales via the company’s digital channel grew 20 percent, accounting for 0.4 percentage points to the growth in comparable sales. For the quarter, the company returned $1.3 billion to shareholders through dividends and share repurchases.