Talk about a whirlwind day! Team Target just wrapped up our annual financial community meeting in New York City. There, leaders shared the company’s Q4 and full-year 2018 results, plus the latest progress on our multi-year strategy, and a look at what’s on the horizon.
One thing the audience heard loud and clear—how far we’ve come in a few short years. We caught up with Chairman and CEO Brian Cornell to hear more about some big things happening at the Bullseye, and what’s got him excited for the future.
First off, what can we take away from today’s results?
It’s been an exciting morning! We closed out the fourth quarter with a 5.3 percent comp, our strongest finish since 2004. And for full-year 2018, we reported our most successful year-over-year performance in well over a decade, including an all-time company record Adjusted EPS of $5.39. We’re also pleased to see our market share continuing to grow in every major category across our business.
When we announced our strategic investment in our business in 2017, we said that 2018 would be a transition year. Instead, it turned out to be one of the most productive in our history, making our results even more meaningful. Every decision we make is guided by our guests and our purpose, which is helping every family we serve find joy in life’s everyday moments. As a result, Target has emerged as one of the clear leaders in the industry, helping to shape the future of retail because of the ongoing