TGT Target (TGT) Q1 FY27 earnings call
Target delivered stronger-than-expected Q1 FY27 results, with broad-based sales growth driven by increased traffic and strong digital performance. The company is encouraged by early guest response to strategic investments in merchandising and guest experience, but acknowledges this is a multi-year journey with significant work ahead. Management maintains a cautious outlook for the remainder of the year due to a challenging operating environment and tougher comparisons, while continuing to prioritize long-term sustainable growth through disciplined investments.
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TGT operating KPIs by quarter
| KPI | Jan 2025 Q4 FY25 | Jan 2026 Q4 FY26 | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|
| Employees | 400K+And I want to thank our more than 400,000 incredible team members who bring this experience to life every day for our guests and whose focus and dedication continues to raise the bar on guest experience.Source: earnings call transcript | 400KAnd so I feel really good about the team that we'll take the field with, both for the leadership team and across all 400,000 of our incredible team members that are going to power the growth we expect in '26.Source: earnings call transcript | 400K+With a renewed focus on what is possible and the team of more than 400,000 strong that solidly aligned behind our priorities, we're confident in our ability to deliver on our strategy and business plans, both this year and over time.Source: earnings call transcript | — | — |
| Stores | <2,000I was excited to come to Target because of the amazing brand backed by assets and scale that we can apply throughout our business, including nearly 2,000 stores served by more than 60 supply chain facilities and an experienced global sourcing organization with offices around the world; a large and diversified owned brand portfolio generating more than $31 billion in annual sales; a unique and balanced mix of 6 core merchandise categories, spanning both wants and daily needs, each of which generates well over $10 billion in annual sales; a full suite of digital fulfillment capabilities that together account for more than $20 billion in annual sales with one of the fastest-growing marketplaces in Target Plus; and one of the biggest loyalty programs in the country, Target Circle, which helps to fuel Roundel, one of the largest retail advertising businesses in the US With all these assets supporting our differentiated strategy, Target has a compelling growth opportunity in the years ahead, and I'm looking forward to sharing our progress with you over time.Source: earnings call transcript | — | 2,000+And finally, we're focused on driving greater consistency across our more than 2,000 stores.Source: earnings call transcript | — | — |
| New stores opened | — | — | 7In Q1, we opened 7 new stores, including our 2,000th location and we remain on track to open more than 30 this year.Source: earnings call transcript | 17This quarter, we opened 17 new stores.Source: earnings call transcript | +142.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.