PR Newswire
MINNEAPOLIS, May 21, 2025 /PRNewswire/ --
First quarter Net Sales were $23.8 billion, compared with $24.5 billion in 2024.Digital comparable sales grew 4.7 percent reflecting more than 35 percent growth in same-day delivery powered by Target Circle 360TM and continued growth in Drive Up. Key seasonal moments such as Valentine's Day and Easter outperformed non-holiday periods throughout the quarter.The Company's limited-time partnership with kate spade was the strongest designer collaboration in the last decade.First quarter SG&A Expense and Operating Income included $593 million in pre-tax gains from the settlement of credit card interchange fee litigation. First quarter GAAP EPS was $2.27 compared with $2.03 last year. Adjusted EPS1, which excludes the gains from litigation settlements, was $1.30.The Company has established an acceleration office led by Michael Fiddelke, with the purpose of enabling faster decisions and execution of its core strategic initiatives in support of a return to growth.
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