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Target Starts 2026 With Broad-Based Q1 Momentum
business5 days ago

Target Starts 2026 With Broad-Based Q1 Momentum

Target kicked off 2026 with solid Q1 results: net sales up 6.7% and same-store sales up 5.6%, with GAAP and adjusted EPS of $1.71. Growth was broad-based across all core categories, supported by a 4.4% traffic lift, 8.9% digital growth (including >27% growth in same-day delivery) and nearly 25% growth in non-merchandise sales. The company expanded assortments (health & wellness, toys, baby), launched exclusive partnerships, and invested in guest experience and workforce, opening seven stores (including its 2,000th) and advancing 100 remodels; Houston receive center adds supply-chain capacity. Looking ahead, Target expects about 4% net sales growth for the year and EPS toward the high end of $7.50–$8.50, plus initiatives like Beauty Studio, EPIC Lab, and a major food-and-beverage transition.

via Target|
#business#earnings#growth
business6 days ago

Target’s Q1 2026 Gains Cross-Sells, Lifts Full-Year Outlook

Target posted Q1 2026 net sales of $25.4 billion, up 6.7% year over year, driven by broad strength across merchandise categories and channels with digital sales up 8.9% and non-merchandise revenue up about 25%. GAAP and adjusted EPS were $1.71, with net earnings of $781 million, while gross margin rose to 29.0% and operating income was $1.14 billion. Capital expenditures reached $1.0 billion; dividends totaled $516 million and there were no stock repurchases in the quarter. The company raised its 2026 net‑sales growth outlook to around 4% and reiterated guidance toward high end of $7.50–$8.50 for full-year EPS, signaling disciplined, growth-oriented momentum for the year.

via Target|
#business#digital#earnings
Target Q1 Beat as Shoppers Return, Raises Full-Year Outlook
business6 days ago

Target Q1 Beat as Shoppers Return, Raises Full-Year Outlook

Target beat Q1 estimates with revenue of $25.44B and EPS of $1.71, as same-store sales rose 5.6%—the first positive reading in five quarters—driven by stronger store and digital traffic (digital up 8.9%) and a surge in non-merchandise revenue. The company lifted its full-year net sales growth to about 4% and signaled EPS near the high end of the $7.50–$8.50 range; gross margin came in at 29%. Management cited broad category strength and ongoing investments in merchandising, guest experience, and technology (including Target Circle 360) as it advances its turnaround, with roughly $5 billion planned in capital expenditures for 2026.

via CNBC|
#business#earnings#guidance
Salmonella recall expands to Good & Gather trail mix and other nut blends
business19 days ago

Salmonella recall expands to Good & Gather trail mix and other nut blends

Illinois-based John B. Sanfilippo and Son is recalling multiple nut mixes and a Mexican street corn trail mix after potential salmonella contamination. The affected products include Good & Gather, Southern Style Nuts, Fisher, and Squirrel Brand mixes sold at Target and other retailers. The seasoning used contains dry milk powder that had been recalled previously, and the FDA notes the salmonella test on the seasoning was negative before use; the recall is precautionary. Consumers who purchased these items should not eat them and can return them to the store for a refund or replacement.

via CBS News|
#business#good-and-gather#recall
Target recalls trail mixes amid salmonella risk from dry milk powder
health19 days ago

Target recalls trail mixes amid salmonella risk from dry milk powder

Target is voluntarily recalling several John B. Sanfilippo & Son trail mixes—sold under Fisher, Squirrel Brand, Southern Style Nuts, and Good & Gather—because a seasoning made with dry milk powder could contain salmonella. No illnesses have been reported. Returns for a full refund or replacement are available at the point of purchase; JBSS customer service is listed for questions.

via WRAL|
#good-and-gather#health#recall
Philadelphia teacher named in Abington Target bathroom peeping case
crime1 month ago

Philadelphia teacher named in Abington Target bathroom peeping case

A Philadelphia-area teacher, Naphis White Glover, has been identified as the man accused of looking into bathroom stalls at a Target in Abington Township, Montgomery County; he was caught peering twice, including an incident involving a 17-year-old, and faces multiple counts of invasion of privacy and harassment while reassigned pending the investigation.

via 6abc Philadelphia|
#abington-township#crime#invasion-of-privacy
Hands-free AI at the checkout: 7 handy tricks with Meta Ray‑Ban Glasses
technology2 months ago

Hands-free AI at the checkout: 7 handy tricks with Meta Ray‑Ban Glasses

While shopping at Target, Amanda Caswell tests the Meta Ray-Ban Display glasses and highlights seven practical uses: asking the glasses about products, reading labels, translating packaging, taking photos hands-free, sending quick messages, listening to her shopping list via open-ear audio, and quickly looking up information—demonstrating how hands-free AI can make shopping easier, even if the setup isn’t perfect and still depends on Wi‑Fi.

via Tom's Guide|
#ai#meta-ray-ban-display#shopping
Black Women Keep the Target Boycott Alive, Even After a Public End
politics2 months ago

Black Women Keep the Target Boycott Alive, Even After a Public End

Despite Rev. Jamal Bryant’s announcement that the Target fast ended, Black women organizers say the boycott remains alive and leadership will decide when it ends; Target says it is not pledging new DEI commitments. Minnesota organizers and national figures like Mallory and Turner insist the movement continues, citing broken promises and ongoing economic harm to Black women.

via The 19th News|
#black-women#boycott#dei