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Target Reports Another Quarter of Declining Sales but Says It Sees some Green Shoots
Target's non-merchandise revenue jumped over 25% as CEO Michael Fiddelke guides for quarterly sales growth in 2026 amid ongoing competition and consumer challenges.
- Target Corp. said Monday that sales fell nearly 2% to $104.78 billion for the full year and reported declining sales and profits in its recent quarter.
- Rising prices have left consumers facing higher prices, squeezing budgets as Walmart gains market share and Target stores receive complaints about messy, untended aisles.
- Despite the weakness, Target signaled a stronger-than-expected annual profit outlook with adjusted earnings per share of $2.44 and expects net sales to reach $106.88 billion this year.
- Having already reshuffled his team, Fiddelke will reveal turnaround plans during Target's annual meeting Tuesday in Minneapolis, according to an employee memo.
- Over the year, Target projects full-year sales to reach $106.88 billion, up 2%, with growth in food, beverage, beauty, and toys signaling potential recovery amid protests over DEI and immigration issues.
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Target reports another quarter of declining sales but says it sees some green shoots (CORRECTS: A previous APNewsAlert which contained garbled language)
Target reports another quarter of declining sales but says it sees some green shoots (CORRECTS: A previous APNewsAlert which contained garbled language).
Associated Press News+31 Reposted by 31 other sources
Target has another quarter of declining sales but there are signs of improvement to start 2026
Target reported another quarter of lower sales and profits as the discounter struggles to regain its footing in an environment where it has faced still-high inflation and shopper boycotts.
·United States
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Total News Sources57
Leaning Left16Leaning Right2Center33Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 31%
C 65%
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