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Target says Q1 results validate its refreshed strategy -- sales up 6.7%, traffic up 4.4% -- as it boosts category bets and raises outlook.
It all comes down to whether you trust management to deliver its long-term turnaround plan.
After a string of weak results, the retailer said more shoppers are gravitating to its refreshed products and stores.
Target Corp (TGT) reports a robust 6.7% increase in net sales and unveils strategic initiatives to drive future growth amid a challenging economic environment.
Just a few months ago, we shared our refreshed strategy and vision for Target at our financial community meeting here in Minneapolis. Delivering on our aspiration to be the most delightful shopping experience in retail means executing this strategy clearly and consistently.
Shares of Target fell sharply Wednesday morning after executives struck a cautious tone on the company's quarterly conference call, reversing premarket gains fueled by an early morning earnings report showing its biggest sales gain in years. “While consumers have proven to be resilient so far, sentiment has been declining recently and we're keeping a close eye on their spending behavior,” Target Chief Financial Officer Jim Lee said. Executives also noted that results in the current quarter will suffer in comparison to the same period a year earlier, when sales got a boost from the release of the new Nintendo Switch gaming console.
Target (NYSE:TGT) reported stronger-than-expected first-quarter results for fiscal 2026, with executives saying early merchandising and operational changes are beginning to resonate with shoppers, while cautioning that the company remains in the early stages of a broader turnaround effort. Chief Ex
Under its new CEO, Target has been making major changes to its stores in recent months to reconnect with customers after years of declining sales. As the company’s new strategy rolls out, it is seeing an unexpected shift in customer behavior as it works to regain its footing in retail. In ...
After a string of weak results, retailer says more shoppers are gravitating to its refreshed products and stores.
The headline numbers for Target (TGT) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The big-box retailer reports adjusted earnings of $1.71 a share, as revenue jumps 6.7% from a year ago.
Net sales rose 6.7% in the first quarter, with comparable sales up 5.6% — the retailer's first positive comp in five quarters
Target (TGT) delivered earnings and revenue surprises of +21.44% and +4.06%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Investing.com -- Target Corporation (NYSE:TGT) shares are trading around 1.4% higher premarket on Wednesday after the company reported first-quarter results that exceeded Wall Street expectations.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported its largest jump in comparable store sales in four years Wednesday. More customers buying in all six of Target’s main merchandising categories helped deliver the better-than-expected sales, the company said. Comparable sales — those coming from stores and digital channels operating for at least 12 months, rose 5.6% in the three-month period ended May 2.
Target CEO Michael Fiddelke says the company saw strength in its consumers across geographies and merchandise categories.
Target CEO Michael Fiddelke says the company saw strength in its consumers across geographies and merchandise categories.
Nvidia, the most valuable public company by market capitalization, will report earnings Wednesday, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Target will also report this week.
Asking for a Trend host Josh Lipton gets investors ready for the busy trading day ahead on May 20, breaking down the key earnings reports to watch — including Nvidia (NVDA), TJ Maxx (TJX), Lowe’s (LOW), and Target (TGT) — along with the release of the Fed’s April FOMC meeting minutes.
Walmart shares have been on a run heading into the company’s Q1 earnings on May 20. But options data suggests WMT stock will push further up after the quarterly print.
TJX Cos., owner of TJ Maxx and Marshalls, will report earnings on Wednesday. Shares traded up going into the report.
Analysts expect that Target’s earnings per share will climb more than 12% from the year-ago period to $1.47.