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Target Shares Surge Despite Lower Revenue; Positive Outlook Ahead

3/3/2026

Summary

Story summary

Target Corp. reported lower revenue and traffic last quarter, yet shares rose.
Target's Chief Executive Officer Michael Fiddelke said holiday-quarter sales improved, with February showing positive year-over-year sales.
For the current fiscal year, Target projects a 2% rise in net sales driven by new stores and nonmerchandise sales.
Adjusted earnings per share are expected between $7.50 and $8.50.
Revenue was $30.48 billion and EPS was $2.44, above the $2.16 forecast.

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Story summary

Target Corp. reported lower revenue and traffic last quarter, yet shares rose.
Target's Chief Executive Officer Michael Fiddelke said holiday-quarter sales improved, with February showing positive year-over-year sales.
For the current fiscal year, Target projects a 2% rise in net sales driven by new stores and nonmerchandise sales.
Adjusted earnings per share are expected between $7.50 and $8.50.
Revenue was $30.48 billion and EPS was $2.44, above the $2.16 forecast.