earnings
confidence high
sentiment positive
materiality 0.75
Target Q1 net sales +6.7% YoY, adjusted EPS $1.71 beats prior year adj. $1.30
TARGET CORP
- GAAP and adjusted EPS of $1.71; prior-year GAAP EPS $2.27 included legal gains; adjusted up 32%.
- Comparable traffic +4.4%; digital comp sales +8.9%, driven by same-day delivery growth >27%.
- Non-merchandise sales surged nearly 25% on Roundel ads, Target Circle 360, and marketplace.
- All six core merchandising categories posted year-over-year net sales growth.
- CEO Fiddelke cited 'encouraging early signs' that strategy is driving broad-based growth.
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