Sales decline and strategically navigate …

• Net sales: Sank 2.8% in the first quarter.

• Comparable sales: Reduced by 3.8%.

• Traffic: Sank 2.4%.

• Average ticket: 1.4%.

• GAAP EPS: USD 2.27, including USD 0.97, benefit from legal disputes.

• Intended EPS: $ 1.30 compared to USD 2.03 in the previous year.

• Gross marge: 28.2%, about 60 basis points lower than in the previous year.

• SG & a rate: Registered with 19.3%, underlying rate at 21.7%.

• Operating range: 6.2%, including 250 basis points, benefit from legal settlements.

• Inventory: 11% compared to the previous year.

• Digital sales growth: Growth with medium area, with growth of 36% when delivery on the same day.

• Investment: 790 million USD in the first quarter, the year, the almost lower end of $ 4 billion is expected to $ 5 billion.

• Save openings: Added three new locations to open around 20 for the year.

• Save remodels: Strong compound orders from 2% to 4% according to conversions.

• All-year-old EPS instructions: Updated to 7 to 9 US dollars.

• All-year-old GAAP EPS instructions: Updated to 8 to 10 US dollars.

Appearance date: May 21, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Target Corp (NYSE: TGT) reported on growing growth with a medium area in its digital first provider business, whereby a remarkable increase in the supply powered by the Target Circle 360 ​​on the same day increased by 36%.

• The company recorded a strong performance in its construction partnership with Kate Spade with a limited time and has been the most successful cooperation for over a decade.

• Target Corp (NYSE: TGT) experienced progress in the inventory shrink, whereby the rates of extreme levels moderated in previous years.

• The company is investing in new shops, ongoing conversions and technologies that are intended to support long -term growth.

• Target Corp (NYSE: TGT) extends its destination plus market with growth of GMV by 20% in this quarter and adds hundreds of new partners to the platform.

• The Target Corp (NYSE: TGT) was suspended by 2.8% of net sales in the first quarter, which is due to a decline in traffic and a lower average wicker size.

• The company experienced pressure through higher markdowns and digital performance costs, which affected the gross margin.

• Target Corp (NYSE: TGT) deals with persistent challenges in discretionary categories due to the declining trust of consumers and high inflation.

• The company expects continued sales pressure and tariff effects that could affect profitability at short notice.

• Target Corp (NYSE: TGT) Measures taken to the right -sized inventory, which can lead to incremental markdowns and the adjustment costs of the receipt in the second quarter.

Q: Is your expectation that COPS will be positive in the back half or up to the fourth quarter? And will the cost of the inventory adjustment be behind you that the gross margin has risen? A: We expect a low single -digit decline for the balance of the year, including Q4. The inventory and receipt adjustment costs are expected to take place mostly in the first half of the year, and we should do this in the second half.