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FINANCIALS

Period: FY/2026

Filling Date: 2027-01-31

REVENUE:

Revenue: $106.57B

Gross Profit: $30.06B (28.21%)

Result: $8.72B (ebitda)

EPS: $8.89

Outstanding Shares: 461.74M

BALANCE:

Cash: 4.76B

Debt: 19.88B

FINANCIAL EVALUATION/SCORE:

Financial Score - Altman: 3.00

Financial Score - Piotroski: 7.00

Target Corporation's price movement correlates with the following stocks:

Ticker	Correlation
TIDE.L	0.975
EWI.L	0.974
XPP.L	0.973
ICDU.L	0.973
BVC.L	0.972
XESU.L	0.972
XLYP.L	0.972
XSCD.L	0.972
SRIU.L	0.971
JAM.L	0.971

Summary Of Last Earnings call:

Target Corporation Q2 2025 Earnings Conference Call Summary

Date: August 20, 2025
Participants:

• John Hulbert, VP Investor Relations
• Brian Cornell, CEO
• Michael Fiddelke, COO (incoming CEO)
• Rick Gomez, CCO
• Jim Lee, CFO

Key Announcements and Insights:

• CEO Succession:
  Michael Fiddelke was elected as the next CEO of Target, effective at the beginning of the 2026 fiscal year. Brian Cornell emphasized the board's thorough selection process, highlighting Fiddelke's strategic insights and experience within the company.

• Business Performance Overview:

  • Comparable sales decreased by 1.9% in Q2, showing improvement from Q1's performance.
  • Strong growth in digital sales (+4.3%), with significant performance in same-day delivery services.
  • Positive trends noted in in-store traffic and comp sales, particularly in the Hardlines category through the new FUN 101 initiative, which emphasizes style and cultural relevance in product offerings.

• Current Challenges and Focus Areas:

  • Target is facing a challenging tariff environment with potential impacts on pricing and inventory.
  • The leadership recognizes the need for a refocused strategy to optimize operations and improve customer experiences.

• Strategic Priorities of Incoming CEO Michael Fiddelke:

  1. Merchandising Authority: Re-establish Target’s stronghold in unique, quality product offerings across all categories.
  2. Elevated Guest Experience: Focus on creating joyful and consistent shopping experiences both in-store and online.
  3. Technology Utilization: Leverage technology to increase efficiency and speed in operations to improve overall customer experience.

• Operational Improvements:

  • Initiatives are in place to refine how stores operate, particularly in fulfilling digital orders.
  • More than 10,000 new AI licenses have been deployed across various teams to enhance operational efficiencies.

• Financial Insights:

  • Q2 GAAP and adjusted EPS reported at $2.05, down from $2.57 a year ago, mainly due to inventory adjustment and tariff-related costs.
  • The company anticipates a low single-digit decline in comparable sales for the full year and maintains an EPS guidance of $8 to $10 (GAAP) and $7 to $9 (adjusted).

• Outlook for the Back Half of the Year:

  • Target planning cautiously for back-to-school and back-to-college seasons, but early results are encouraging.
  • Upcoming seasonal offerings are expected to include substantial new product assortments to attract customers.

Conclusion:
The leadership transition at Target aims to reshape the company's strategy for growth, emphasizing merchandising, customer experience, and technological innovation. The management is optimistic despite current market pressures, focusing on improving performance and increasing customer engagement.

Company Description:

Target Corporation operates as a general merchandise retailer in the United States The company offers food assortments including perishables dry grocery dairy and frozen items apparel accessories home decor products electronics toys seasonal offerings food and other merchandise and beauty and household essentials It also provides instore amenities such as Target Cafe Target Optical Starbucks and other food service offerings The company sells its products through its stores and digital channels including Targetcom As of March 09 2022 the company operated approximately 2000 stores Target Corporation was incorporated in 1902 and is headquartered in Minneapolis Minnesota

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