The earnings call reflected a mixed performance with significant achievements in digital sales and inventory management offset by pressures from declining sales, consumer confidence, and discretionary categories. The company is focused on improving fundamentals, expanding its marketplace, and accelerating growth strategies.
Company Guidance
During the Target Corporation's first-quarter earnings call for fiscal year 2025, the company provided guidance suggesting a cautious outlook for the rest of the year amid challenging conditions. Target reported a 2.8% decline in net sales and a 3.8% drop in comparable sales, driven by a 2.4% decrease in traffic and a 1.4% lower average ticket. The gross margin rate fell by about 60 basis points to 28.2%, impacted by higher markdowns and digital fulfillment costs, partially offset by a 120 basis point benefit from lower inventory shrink. Target's adjusted EPS was $1.30, excluding a $0.97 benefit from litigation settlements, compared to $2.03 last year. Looking ahead, Target expects a low single-digit decline in sales for the full year, with adjusted EPS guidance set between $7 and $9 due to uncertainties like tariffs and consumer spending. The company highlighted several initiatives to bolster growth, including a focus on retail fundamentals, leveraging its multi-category portfolio, and enhancing digital capabilities. Target also announced the formation of an Enterprise Acceleration office to drive faster decision-making and operational improvements.
Digital Sales Growth
Mid-single-digit growth in first-party digital business, led by 36% growth in same-day delivery powered by Target Circle 360.
Progress in Inventory Management
Meaningful progress on inventory shrink with rates moderating from extreme levels encountered in 2022 and 2023.
Successful Designer Collaboration
Strong sales results from the Kate Spade partnership, the most successful limited-time partnership in a decade.
Target Plus Marketplace Growth
Target Plus GMV grew by more than 20%, adding hundreds of new partners to the platform.
Increased Shipping Speed
Q1 average click to deliver speed was nearly 20% faster compared to last year.
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
May 21, 2025
$98.12
$93.01
-5.21%
Mar 04, 2025
$119.40
$115.82
-3.00%
Nov 20, 2024
$151.83
$119.33
-21.41%
Aug 21, 2024
$139.39
$155.00
+11.20%
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 Corp (TGT) report earnings?
Target Corp (TGT) is schdueled to report earning on Aug 13, 2025, TBA Not Confirmed.
What is Target Corp (TGT) earnings time?
Target Corp (TGT) earnings time is at Aug 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.