Target expects its adjusted annual earnings per share to be between $7.5 and $8.5.
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Glonghui, May 20 — Target, the second largest general merchandise retailer in the United States, expects its adjusted annual earnings per share to be between $7.50 and $8.50. The company’s net sales in the first quarter increased by 6.7% year-over-year, far exceeding expectations. Target reported GAAP and adjusted earnings per share (EPS) of $1.71 in the first quarter, an improvement compared to last year’s $2.27 and adjusted EPS of $1.30.
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