The Bad PlaceUS Top News and Analysis | Target is set to report first-quarter earnings, offer read on consumer
AI generated summary, Read the full article for complete information.
Target is slated to release its fiscal first‑quarter earnings on Wednesday amid a challenging consumer environment, with analysts expecting $1.46 in earnings per share on $24.64 billion of revenue. The retailer is in the midst of a turnaround led by CEO Michael Fiddelke, who cites strong February sales as a sign of a potential upswing and has bolstered the effort by appointing former Walmart executive Jeff England as chief supply chain officer. Despite a multi‑quarter sales slump and flat annual growth over the past four years, Target’s stock has fallen more than 40 % over five years yet is up roughly 30 % this year. Chief financial officer Jim Lee says the company will boost spending this year, allocating about $5 billion—over $1 billion more than the prior year—to supply‑chain improvements and store investments as part of the turnaround plan.
Read more: https://www.cnbc.com/2026/05/20/target-tgt-q1-2026-earnings.html