Target Corporation reported sales results for November/December 2019. Comparable sales grew 1.4% in the November/December period, on top of 5.7% comp growth last year. While sales were below expectations, the Company is maintaining its previous guidance for fourth quarter earnings per share. Comparable digital sales grew 19% in the November/December period.

Altogether, the company maintaining the company's previous guidance for Target's fourth quarter earnings per share, consistent with the ranges the company provided in the company's third quarter earnings release and conference call. Target now expects fourth quarter 2019 comparable sales growth in line with the Company's 1.4% performance during the November/December period, compared with the prior range of 3% to 4%. This would translate to full-year comparable sales growth of more than 3%. Specifically, in that release the company anticipated fourth quarter GAAP EPS from continuing operations of $1.55 to $1.75.

As a result of their efforts, the company seen outstanding performance in 2019 and the company is confident the company will deliver another strong year in 2020, reflective of the company's durable business model and consistent with the company's long-term financial algorithm. This algorithm is based on the ability of the company's business to generate annual sales growth in the low-single digits, mid-single digit growth in operating income, and high-single digit growth in earnings per share.

Full year 2019 GAAP EPS from continuing operations of $6.27 to $6.47.