Financial Performance - GAAP diluted earnings per share were $2.27, an increase of 11.7% from $2.03 in the prior year, while adjusted diluted earnings per share decreased by 35.9% to $1.30[56] - Net sales for the quarter were $23.8 billion, a decrease of 2.8% compared to the same period last year, with comparable sales down 3.8%[61] - Operating income increased by 13.6% to $1.5 billion, benefiting from $593 million in pretax net gains related to interchange fee settlements[61] - Net earnings for the three months ended May 3, 2025, were $1,036 million, a 10.0% increase from $942 million for the same period in 2024[84] - EBIT increased to $1,498 million, reflecting a 13.0% growth compared to $1,325 million in the prior year[84] - EBITDA for the quarter was $2,285 million, up 11.9% from $2,043 million year-over-year[84] Margins and Returns - The gross margin rate was 28.2%, down from 28.8% in the prior year, reflecting higher markdown rates and increased supply chain costs[74] - The after-tax return on invested capital (ROIC) for the trailing twelve months was 15.1%, slightly down from 15.4% in the previous year[57] - After-tax return on invested capital was 15.1% for the trailing twelve months ended May 3, 2025, slightly down from 15.4% in the previous year[87] Cash Flow and Liquidity - Operating cash flows were $300 million for the three months ended May 3, 2025, down from $1,100 million in the same period last year[91] - Cash and cash equivalents stood at $2.9 billion as of May 3, 2025, compared to $3.6 billion a year earlier[90] - Dividends paid totaled $510 million ($1.12 per share) for the quarter, a 1.8% increase from $508 million ($1.10 per share) in the prior year[94] - The company repurchased shares worth $251 million during the three months ended May 3, 2025[95] Inventory and Sales Dynamics - Inventory as of May 3, 2025, was $13.0 billion, an increase from $12.7 billion in February 2025 and $11.7 billion in May 2024, attributed to lower-than-expected sales[92] - Comparable digitally-originated sales increased by 4.7%, while comparable stores-originated sales declined by 5.7%[61] Tax and Compliance - The effective income tax rate rose to 25.0% from 22.7% in the prior year, primarily due to discrete tax expenses related to share-based compensation[78] Store Operations and Strategy - The company opened 3 new stores, bringing the total store count to 1,981, up from 1,978 at the beginning of the quarter[75] - Target Circle Card penetration decreased to 17.4% from 18.0% year-over-year, indicating a slight decline in customer engagement with the loyalty program[70] - The company is actively monitoring the impact of tariffs and adjusting sourcing and pricing strategies to mitigate potential negative effects on sales[60] Debt Management - The company issued $1.0 billion of debt in March 2025 and repaid $1.5 billion in April 2025[98]

Investors and traders got a good laugh last week when Target’s CEO Brian Cornell suggested that a lousy quarter was partly the result of a consumer backlash against the retailer for rolling back its DEI efforts, On The Money has learned.DEI, or Diversity Equity and Inclusion, is a management philosophy that says pure merit-based hiring is overrated. Instead, companies must tailor their workforces to match an intersectional matrix — skills be damned. DEI also holds sway over ads, marketing and other corporat ...

Is Target Blaming Boycotts For Its Slump?gettyThe country’s seventh largest retailer has been the bullseye for grassroots consumer boycotts, but the real cause of its woes is in the c-suite.For a moment there, at the onset of the COVID-19 quarantine, Target seemed to be riding high on a wave of innovation that broke out when retailers of every stripe and category had to scramble to save their businesses from a global catastrophe. As we reported here in 2021, Target managed a rapid roll-out of an experimenta ...

Target TodayTGTTarget$95.94 -1.05 (-1.08%) 52-Week Range$87.35▼$167.40Dividend Yield4.67%P/E Ratio10.17Price Target$116.68Add to WatchlistTarget Corporation NYSE: TGT investors find themselves stuck at a crossroads. The retailer's stock, trading around $96.00 in late May 2025, has seen a decline of approximately 28% year-to-date, reflecting market concerns following the release of the first-quarter 2025 financial update. However, Target is not standing still. Instead, they are ramping up the pace. The comp ...

Tesla's Q2 could be one for the record books, if past is precedentTesla Inc (NASDAQ:TSLA) stock has been a tale of two quarters to start the year. The electric vehicle (EV) giant kicked off 2025 with a 35.8% drawdown, but has gotten off the mat for the second quarter, up nearly 40%. The torrid rally could have legs, with TSLA entering a historically bullish month. Over the past 10 years, Tesla stock has been the best S&P 500 Index (SPX) member to own in the month of June, per Schaeffer's Senior Quantitative ...

"Our exploration drilling continues to demonstrate significant resource growth potential by delineating new discovery zones as well as demonstrating the continuity of mineralization along strike and at depth within underexplored areas of the Duparquet Gold Project," stated Dan Wilton, CEO of First Mining. "The confirmation of the continuity of near-surface mineralization in the Valentre and Miroir areas demonstrates that this well-established resource, already one of the largest in Quebec, can continue to g ...

 Vancouver, British Columbia - TheNewswire - May 28, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce the identification of outcropping high-grade epithermal veins at the newly identified Doug target, part of its expanding Spring Peak project located in Nevada. Exploration at Spring Peak is fully funded through an earn-in agreement with Newmont Corporation ("Newmont") (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced on August 16, 2022.  The newly ...

But value investors looking at Target's 53 consecutive years of dividend raises and 4.7% yield may be wondering if the Dividend King stock is worth buying on the dip. Target (TGT 2.69%) is down 30.2% year-to-date at the time of this writing. The sell-off is brutal, considering shares of the retail giant fell 9.3% between the start of 2023 and the end of 2024 -- a two-year period in which the S&P 500 (^GSPC 2.05%) gained 53.2%. On its first-quarter fiscal 2025 earnings call. Target shared strategies for turn ...

5,000-metre drilling campaign at the Campfire Target Complex slated to commence in mid-JuneVancouver, British Columbia, May 27, 2025 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to announce that pre-drilling earthwork activities – including road and drill-pad construction – began during the week of May 12th at its flagship Toiyabe Hills Property in Lander County, Nevada (“Toiyabe Hills”, or the “Property”). This followed approval of the Comp ...

Dryden Gold Confirms the Elora Gold System at One Kilometer Strike Length and Reports Visible Gold on Two New Exploration TargetsMay 27, 2025 6:00 AM EDT | Source: Dryden Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce that Visible Gold ("VG") was observed on Dryden Gold's initial drill program at the historical Laurentian Mine Target ("Laurentian") and the Intersection ...