Target beats Wall Street estimates, hikes sales outlook as shoppers start to return
Target is preparing to announce its fiscal first-quarter earnings, which will provide insights into consumer behavior. CEO Michael Fiddelke is implementing a turnaround strategy as the company faces challenges in sales and customer loyalty. Despite a recent uptick in stock performance, Target has struggled with stagnant annual sales over the past four years.
- ▪Target is expected to report earnings per share of $1.46 and revenue of $24.64 billion for the fiscal first quarter.
- ▪The company has appointed Jeff England as its chief supply chain officer to help revitalize its business.
- ▪Target's stock has decreased by over 40% in the past five years but has increased by approximately 30% this year.
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| Original publisher | US Top News and Analysis |
| Canonical URL | https://www.cnbc.com/2026/05/20/target-tgt-q1-2026-earnings.html |
| Publication time | Wed, 20 May 2026 10:41:10 GMT |
| Retrieval time | 2026-05-20T04:04:59.484Z |
| Last seen | 2026-05-20T11:09:57.820Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | RK1ecq34BVbw |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Target is set to report its fiscal first-quarter earnings and offer a read on the consumer Wednesday, as CEO Michael Fiddelke leads a turnaround plan for the retailer. The company has struggled to prove to investors that it can end its sales slump and win back brand loyalty from consumers. The earnings will come as Wall Street keeps a keen eye on a more selective consumer, hit by soaring gas prices and macroeconomic uncertainty. Here's what Wall Street is expecting for the retailer's fiscal first quarter, based on a survey of analysts by LSEG:Earnings per share: $1.46 expectedRevenue: $24.64 billion expectedTarget said last quarter it expects net sales to rise about 2% for the fiscal year compared with last year, and it said it's expecting revenue to climb during every quarter of the…
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