Target Corporation Reports Q1 Earnings: Net Sales Decline by 2.8%, Adjusted EPS at $1.30

Reuters
05-21
Target Corporation Reports Q1 Earnings: Net Sales Decline by 2.8%, Adjusted EPS at $1.30

Target Corporation has announced its financial results for the first quarter of 2025. The company's net sales reached $23.8 billion, experiencing a decline from $24.5 billion in the same period last year. Comparable sales decreased by 3.8%, with store sales declining by 5.7%, though digital sales grew by 4.7%. Notably, same-day delivery saw a significant increase of 36%, driven by Target Circle 360. The first quarter operating income rose to $1.5 billion, a 13.6% increase compared to the previous year. The GAAP earnings per share $(EPS)$ stood at $2.27, up from $2.03 last year, while the adjusted EPS, excluding gains from litigation settlements, was $1.30. Looking ahead, Target anticipates a low-single digit decline in sales for fiscal 2025. The company projects a GAAP EPS of $8.00 to $10.00 and an adjusted EPS expected to be approximately $7.00 to $9.00. Target also announced the launch of a multi-year acceleration office, led by Michael Fiddelke, to enhance the speed and execution of its strategic initiatives. This move aims to build more agility into operations and support long-term profitable growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG92320) on May 21, 2025, and is solely responsible for the information contained therein.

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