Target | 8-K: Target Corporation Reports Fourth Quarter and Full-Year 2025 Earnings

Target Corporation reported Q4 2025 net sales of $30.5B, down 1.5% YoY, with comparable sales declining 2.5%. Q4 GAAP EPS was $2.30, while adjusted EPS reached $2.44, slightly above last year. The quarter saw over 25% growth in non-merchandise sales and 30% growth in same-day delivery services.For full-year 2025, net sales decreased 1.7% to $104.8B, with GAAP EPS at $8.13 compared to $8.86 in 2024. The company maintained strong cost management despite lower sales, with adjusted operating income margin at 4.6%. Food & Beverage, Beauty, and Toys delivered net sales growth, while digital sales showed positive momentum.Looking ahead to 2026, Target expects net sales growth of around 2%, with comparable sales showing a small increase. The company projects full-year GAAP and Adjusted EPS of $7.50-$8.50, with operating margin improvement of approximately 20 basis points. February sales showed positive growth, marking an important milestone in Target's path to recovery.

Target Corporation reported Q4 2025 net sales of $30.5B, down 1.5% YoY, with comparable sales declining 2.5%. Q4 GAAP EPS was $2.30, while adjusted EPS reached $2.44, slightly above last year. The quarter saw over 25% growth in non-merchandise sales and 30% growth in same-day delivery services.For full-year 2025, net sales decreased 1.7% to $104.8B, with GAAP EPS at $8.13 compared to $8.86 in 2024. The company maintained strong cost management despite lower sales, with adjusted operating income margin at 4.6%. Food & Beverage, Beauty, and Toys delivered net sales growth, while digital sales showed positive momentum.Looking ahead to 2026, Target expects net sales growth of around 2%, with comparable sales showing a small increase. The company projects full-year GAAP and Adjusted EPS of $7.50-$8.50, with operating margin improvement of approximately 20 basis points. February sales showed positive growth, marking an important milestone in Target's path to recovery.