Target Q4 sales fall 1.5%; adjusted EPS $2.44 up slightly; 2026 EPS guided $7.50-$8.50
Target reported fourth-quarter 2025 net sales of $30.5 billion, down 1.5% from a year earlier, and GAAP diluted EPS of $2.30 versus $2.41, while adjusted EPS rose to $2.44. For full-year 2025, net sales fell 1.7% to $104.8 billion and GAAP EPS fell to $8.13 from $8.86, with adjusted EPS at $7.57. The company guided 2026 GAAP and adjusted EPS to $7.50 to $8.50 and net sales growth of around 2%.
Key points
- Q4 2025 net sales $30.5 billion, down 1.5%; comparable sales down 2.5%
- Q4 GAAP EPS $2.30 included 15 cents of business transformation costs; adjusted EPS $2.44 versus $2.41 a year earlier
- Full-year 2025 GAAP EPS $8.13 versus $8.86; adjusted EPS $7.57 excludes $593 million of interchange fee settlement gains
- 2026 guidance: GAAP and adjusted EPS $7.50 to $8.50; Q1 EPS expected flat to up slightly from $1.30
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.