Target Corp reported its strongest comparable sales growth in four years, with first-quarter earnings per share of $1.71 beating estimates and revenue reaching $25.44 billion. Comparable sales rose 5.6%, driven by an 8.9% increase in digital sales and nearly 25% growth in non-merchandise revenue streams. Despite the strong results, Target warned of increased cost pressures in the near term, especially in the second quarter, and described the operating environment as uncertain. The company raised its full-year sales growth forecast to about 4% and expects earnings per share near the high end of its guidance range, although shares fell about 7.2% following the report.
Target Corporation reported a solid first quarter with 6.7% net sales growth and improved profit margins, prompting an increase in its full-year sales and earnings guidance. The company now expects 4% net sales growth and higher operating margins for...
Target reported strong Q1 2026 results with net sales of $25.4 billion, a 6% increase in comparable sales, and adjusted EPS of $1.71 beating estimates. The company also doubled its full-year sales growth forecast to 4%. However, shares fell 7% due to...
Target has reported first-quarter earnings that surpassed Wall Street expectations, driven by improvements in its wellness, beauty, and baby product sections. The retailer has been remodeling stores and updating displays to attract cautious consumers...
Target reported a 6.7% increase in first-quarter net sales to $25.4 billion, driven by broad growth across merchandise categories and a strong 8.9% rise in digital sales. Earnings per share were $1.71, down 24% on a GAAP basis due to prior-year legal...
Target is set to report its fiscal first-quarter earnings as CEO Michael Fiddelke leads a turnaround effort amid ongoing sales slumps and consumer uncertainty due to rising gas prices and economic concerns. Analysts expect earnings per share of $1.46...
