The earnings call reflects a mixed sentiment. While there are strong areas of growth, particularly in same-day delivery and inventory management improvements, Target faces challenges in discretionary sales and overall consumer sentiment. The company's restructuring efforts, including job cuts, and the decline in comparable sales highlight significant challenges.
Company Guidance
During the Target Corporation third quarter earnings call for fiscal year 2025, the company provided guidance that reflects a focus on returning to sustainable and profitable growth. The company set three interrelated priorities: enhancing merchandising authority, elevating the shopping experience, and leveraging technology to improve efficiency and guest interactions. Despite a 2.7% decline in comparable sales and a 1.5% decline in net sales year-over-year, Target saw growth in digital sales, particularly a 35% increase in same-day delivery services. The gross margin rate slightly decreased to 28.2%, reflecting higher markdowns, while SG&A expenses increased by 60 basis points due to onetime business transformation costs. For the full year, the adjusted EPS is expected to be between $7 and $8, with a GAAP EPS range approximately $0.70 higher. Target plans to increase capital expenditures to $5 billion in fiscal year 2026, focusing on store remodels, technology, and new store openings to drive growth.
Record Top-Line Growth Since 2014
Target's top-line revenue is expected to be over $30 billion higher than when Brian Cornell became CEO in 2014, and adjusted EPS has doubled since then.
Same-Day Delivery Growth
Digital comparable sales grew 2.4%, fueled by more than 35% growth in same-day delivery powered by Target Circle 360.
Improved Inventory Management
The on-shelf availability of Target's top 5,000 items improved by over 150 basis points compared to last year.
Expansion of New Stores and Remodels
Target plans to increase CapEx to about $5 billion next fiscal year to focus on new store openings and remodels, expecting strong returns.
Target (TGT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TGT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 19, 2025
$88.53
$86.08
-2.77%
Aug 20, 2025
$104.05
$97.46
-6.33%
May 21, 2025
$95.86
$90.87
-5.21%
Mar 04, 2025
$116.64
$113.15
-2.99%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Target (TGT) report earnings?
Target (TGT) is schdueled to report earning on Mar 10, 2026, Before Open (Confirmed).
What is Target (TGT) earnings time?
Target (TGT) earnings time is at Mar 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.