US Edition
Target Reports Another Quarter of Declining Sales but Says It Sees some Green Shoots
Target's new CEO Michael Fiddelke aims to reverse 11 quarters of sales decline with a forecast of 2% net sales growth and improved quarterly performance in 2026.
- Target Corp. said Monday that sales fell nearly 2% to $104.78 billion for the full year and reported declining sales and profits in its recent quarter.
- Rising prices have left consumers facing higher prices, squeezing budgets as Walmart gains market share and Target stores receive complaints about messy, untended aisles.
- Despite the weakness, Target signaled a stronger-than-expected annual profit outlook with adjusted earnings per share of $2.44 and expects net sales to reach $106.88 billion this year.
- Having already reshuffled his team, Fiddelke will reveal turnaround plans during Target's annual meeting Tuesday in Minneapolis, according to an employee memo.
- Over the year, Target projects full-year sales to reach $106.88 billion, up 2%, with growth in food, beverage, beauty, and toys signaling potential recovery amid protests over DEI and immigration issues.
67 Articles
67 Articles
Wall Street Buys into Target’s Turnaround Plan
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New Target CEO Forecasts Turnaround to Retailer’s Lackluster Sales in 2025
Target Corp. reported on March 3 slumping sales in the fourth quarter of fiscal 2025, but its shares closed up by more than 6 percent after its new CEO forecast stronger net sales in 2026. The Minneapolis, Minnesota-based retailer reported fourth-quarter net sales of $30.5 billion, spearheaded by 30 percent growth in same-day delivery sales from its Target Circle 360 paid membership program. Net sales for the final quarter of 2025 were 1.5 perce…
The Northern Virginia Daily
Target reports another quarter of declining sales but says it sees some green shoots (CORRECTS: A previous APNewsAlert which contained garbled language)
Target reports another quarter of declining sales but says it sees some green shoots (CORRECTS: A previous APNewsAlert which contained garbled language).
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