Target Corp ( (TGT) ) has released its Q1 earnings. Here is a breakdown of the information Target Corp presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Target Corporation is a leading American retail company that operates nearly 2,000 stores and an online platform, offering a wide range of products from apparel to home goods, with a focus on providing value and convenience to its customers.
In its first quarter of 2025, Target Corporation reported a mixed financial performance with a decline in net sales but an increase in earnings per share. The company highlighted significant growth in digital sales, particularly in same-day delivery services, and a successful collaboration with designer kate spade.
Key financial metrics revealed that Target’s net sales decreased by 2.8% to $23.8 billion compared to the previous year, while the GAAP earnings per share rose to $2.27 from $2.03. The adjusted earnings per share, excluding litigation settlement gains, were $1.30. The company also noted a 13.6% increase in operating income, driven by strategic cost management and litigation settlements.
Despite the sales decline, Target’s digital sales saw a 4.7% increase, with same-day delivery services growing by over 35%. The company has initiated a multi-year acceleration office to enhance decision-making and execution of strategic initiatives, aiming for long-term growth.
Looking ahead, Target expects a low-single-digit decline in sales for fiscal 2025, with GAAP EPS projected between $8.00 and $10.00. The company remains focused on leveraging its financial strength to invest in growth opportunities and improve operational efficiency.