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Target Q1 by the numbers

Target Corp. came out of the gate strong in its first quarter, crushing earnings and sales expectations. 

Here is a rundown of some highlights from the quarter (for more, click here

• Adjusted earnings per share came in at an all-time high of $3.69

• Sales rose 23% to $23.88 billion.

• Total comparable-store sales up 22.9%, with 18% increase in store sales and 50% increase in digital sales.

• Stores fulfilled 95% of total retail sales (includes digital and in-store).

• Seventeen-percent increase in traffic; 5% increase in basket growth.

•Same-day services rose 90% and accounted for more than half of all digital sales.

• Drive-up increased 123% and order pickup rose 52%. Orders fulfilled via Shipt rose 86%.

• Owned-brand sales up 36% — strongest to date.

• Sales growth led by apparel (low 60% range), home (mid-30% range), hardlines (more than 30%), beauty (high teens) and essentials and food and beverages (both up low-to-mid single digits.)

• Mother’s Day ranked among its strongest in years.
 

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