Financial News Release | Investor Contacts, News, Stocks & Events | | Target CorporateThird quarter comparable traffic grew 1.4 percent. Comparable sales increased 0.9 percent.
Third quarter GAAP EPS from continuing operations of $0.87 and Adjusted EPS1 of $0.91 were near the upper-end of the guidance range of $0.75 to $0.95.
Comparable digital channel sales increased 24 percent, on top of 26 percent growth in third quarter 2016.
In the third quarter, Target devoted $847 million to capital investment, paid dividends of $339 million, and returned $171 million through share repurchases.
#Capital Returned to Shareholders
In third quarter 2017, the Company returned $510 million to shareholders, which consisted of:
Dividends of $339 million, compared with $345 million in third quarter 2016.
Share repurchases totaling $171 million, including an accelerated share repurchase (ASR) agreement that retired 2.8 million shares of common stock at an average price of $57.78, for a total investment of $161 million. Final settlement of the ASR occurred in November, and 0.3 million of the 2.8 million shares repurchased through the ASR were delivered in November.
