MINNEAPOLIS, 20 February 2026 – Target Corporation is currently navigating a pivotal transition period as it prepares to report its fiscal fourth-quarter earnings on 3 March 2026. Under the leadership of new CEO Michael Fiddelke, the retail giant is facing a challenging economic landscape marked by cautious consumer spending and a strategic shift in corporate initiatives.
Latest Financial Updates and Market Performance
As of late February 2026, market analysts are closely monitoring Target’s stock (NYSE: TGT) following a series of guidance adjustments. Recent reports indicate that Target has cut its earnings guidance, citing high prices and a weaker-than-expected holiday season. Net sales for the most recent reporting period were approximately A$38.5 billion (US$25.3 billion), representing a 1.5% year-over-year decline.
Despite these headwinds, major institutional investors maintain significant positions in the company. On 18 February 2026, it was disclosed that Vanguard Group Inc. holds a position valued at approximately A$7.9 billion (US$5.20 billion) in Target. Investors are now looking toward the March earnings call to see if Fiddelke’s strategy to revive the discount retailer—which includes a planned A$1.5 billion investment in store revamps and merchandise—is beginning to yield results.
Company Profile and Historical Milestones
Target Corporation traces its roots back to the early 20th century, evolving from a single dry goods store into one of the largest discount retailers in the United States. The company is headquartered in Minneapolis, Minnesota, and operates nearly 2,000 stores across the country.
| Feature | Details |
|---|---|
| Founded | 24 June 1902 (as Goodfellow Dry Goods) |
| Founder | George Draper Dayton |
| First Target Store Opened | 1962 in Roseville, Minnesota |
| Headquarters | Minneapolis, Minnesota, U.S. |
| Net Sales (2024) | A$163 billion (US$107 billion) |
| Store Count | 1,989 locations |
| Total Employees | 400,000+ Team Members |
Public Sentiment and Operational Challenges
Public discourse surrounding Target in early 2026 has been mixed. On social platforms like Reddit, consumers have expressed frustration over rising prices in the grocery department and increased security measures to combat retail theft. Additionally, Target has recently made headlines for scaling back certain Diversity, Equity, and Inclusion (DEI) programmes, a move that has sparked debate within the retail industry regarding corporate social responsibility in the current political climate.
Shoppers have also noted a “red flag” in the grocery sections of some stores, with discussions focusing on inventory consistency and the overall value proposition compared to competitors like Costco and Walmart.
Frequently Asked Questions
Who is the current CEO of Target?
As of February 2026, Michael Fiddelke has taken the helm as CEO, succeeding previous leadership to guide the company through its next chapter of growth and operational restructuring.
When will Target release its next earnings report?
Target is scheduled to post its fiscal fourth-quarter and full-year 2025 results on 3 March 2026.
How many Target stores are there?
Target currently operates 1,989 stores across the United States, supported by a workforce of over 400,000 team members.
What was Target’s original name?
The company began in 1902 as Goodfellow Dry Goods, later becoming the Dayton Company before launching the first Target-branded discount store in 1962.