Target Just Reported Its 13th Consecutive Quarter of Falling Sales, But CEO Michael Fiddelke Says He Has a Plan to Turn Things Around. 2 Key Things For Investors to Know.
2026-03-03 16:17:22 ET
Target (NYSE: TGT) shares rose today on its fourth-quarter earnings report, but don't be fooled. This was another stinker of a report.
Comparable sales fell 2.5% and overall revenue was down 1.5% to $30.5 billion, which matched estimates. The company did make some improvements on the cost side, and gross margin rose from 26.2% to 26.6%, due to lower inventory shrink, lower supply chain and digital fulfillment costs. After adjustments, earnings per share rose from $2.41 to $2.44, beating the consensus at $2.16.
Target stock has been on a surprising comeback in recent months, up roughly 50% as investors are hoping that new CEO Michael Fiddelke can turn the business around.
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