Target Earnings Recap: Q1 2025

“In the first quarter, our team navigated a highly challenging environment and focused on delivering the outstanding assortment, experience and value guests expect from Target 

While our sales fell short of our expectations, we saw several bright spots in the quarter, including healthy digital growth, led by a 36 percent increase in same-day delivery through Target Circle 360, and our strongest designer collaboration in more than a decade, kate spade for Target. 

While these highlights reinforce our confidence in the underlying health of our business, we’re not satisfied with current performance and know we have opportunities to deliver faster progress on our roadmap for growth. This morning, we announced the establishment of a multi-year acceleration office, led by Michael Fiddelke, along with several leadership changes. With these changes and the financial strength to continue investing in our business, I’m confident we can emerge an even stronger company over time.” 

- Brian Cornell, Chairman and CEO

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CPG by MPG From The Street_Q1_2025.pdf

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