Overview
- Fourth quarter adjusted EPS was $2.44, topping estimates, as net sales slipped 1.5% to about $30.5 billion and comparable sales fell 2.5%.
- In-store sales declined 3.9% while digital sales rose 1.9%, reflecting continued store softness offset by online gains.
- Target guided to roughly 2% net sales growth in 2026 and projected full‑year adjusted EPS of $7.50 to $8.50, saying it expects sales growth in every quarter.
- CEO Michael Fiddelke said February delivered a healthy, positive sales increase, marking early traction in the turnaround.
- Shares rose roughly 4%–5.5% premarket as management outlined about $1 billion of incremental 2026 investment for new stores, remodels and digital, alongside strong non‑merchandise trends including 30%+ growth in same‑day delivery and membership revenue more than doubling.