Target Q1 sales fall 2.8% to $23.8B; GAAP EPS up 11.8% to $2.27 on $593M interchange settlement gain

Filed May 30, 2025 · Period ending May 3, 2025 · Compared to 10-Q May 31, 2024 · ~1 min read

Key Changes

• high

  Adjusted EPS dropped 36% to $1.30, excluding a $593 million pretax gain from interchange fee settlements; GAAP EPS rose 11.8% to $2.27.

  MD&A: Adjusted EPS verify on EDGAR →
• high

  Operating income rose 13.6% to $1,472 million, but excluding the $593 million settlement gain, operating income would have declined.

  MD&A: Operating income verify on EDGAR →
• high

  Comparable sales fell 3.8% with traffic down 2.4% and average transaction down 1.4%; digital comparable sales grew 4.7%.

  MD&A: Comparable sales verify on EDGAR →