Target’s brighter forecast undimmed by tariff ‘contingency plans’

Published August 22, 2018 6:09pm ET



Target Corp. boosted its full-year profit forecast Wednesday despite growing concern that President Trump’s global trade war may damage the economy and pinch the pocketbooks of the big-box retailer’s shoppers.

The Minneapolis-based chain predicted earnings per share of $5.30 to $5.50 a share for all of 2018, up from an earlier projection of $5.15 to $5.45 and driven partly by gains in children’s merchandise after the bankruptcy of Toys ‘R Us earlier this year.

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