Target's 1Q 2015 Results Show Recovery Efforts Paying Off

Target reported comparable sales grew 2.3 percent in the first quarter of 2015. Adjusted EPS was $1.10, which was higher than the company's forecast of $0.95 to $1.05 for the quarter. Sales through the company's digital channel rose 37.8 percent, accounting for 0.8 percentage points of comparable sales. During the quarter, the company bought back $562 million worth in shares of common stock. Combined with dividends, the company returned $895 million to shareholders during the quarter, which was more than 140 percent of its net income.