---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-25-000096"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T23:02:35.925314+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Target Q1: comparable sales -3.8%; adj EPS $1.30; FY25 guidance reduced to low-single digit sales decline

## Summary
- Net sales $23.8B, down 2.8% YoY; comparable sales -3.8% (store -5.7%, digital +4.7%).
- GAAP EPS $2.27 (incl $593M pretax litigation gain); adjusted EPS $1.30 vs $2.03 last year.
- FY2025 guidance: low-single digit sales decline; GAAP EPS $8.00-$10.00; adj EPS ~$7.00-$9.00.
- Established acceleration office led by Michael Fiddelke to speed strategy execution.
- Q1 dividends $510M, share repurchases $251M; ROIC 15.1% vs 15.4% TTM.

## SEC filing metadata
- accession: 0000027419-25-000096
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741925000096/0000027419-25-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741925000096/tgt-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-25-000096
- JSON: https://secwatch.observer/filing/0000027419-25-000096.json
- Plain text: https://secwatch.observer/filing/0000027419-25-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.