Target announced executive leadership changes aimed at accelerating growth and strengthening merchandising and guest experience under new CEO Michael Fiddelke. The company confirmed its Q4 FY2025 financial guidance for sales and EPS is expected to be in line with prior expectations.
Confirms Q4 FY2025 sales and full-year GAAP EPS and Adjusted EPS in line with prior guidance.
positiveAppoints new executive vice presidents to oversee key functions reporting directly to the CEO, including Chief Merchandising Officer and Chief Operating Officer.
neutralNew CEO Michael Fiddelke emphasizes strengthening merchandising authority and elevating the guest experience as key priorities.
positiveSignificant executive leadership changes including the departure of the Chief Commercial Officer and retirement of the Chief Merchandising Officer for apparel and accessories, home and hardlines.
attentionCompany is conducting an external search for a Chief Guest Experience and Marketing Officer, indicating a potential gap in leadership for this critical function.
attentionPrior quarter (Q3 FY2025) showed a decline in revenue (-1.5% YoY) and EPS (-18.2% YoY), with operating margin contracting by 80 bps YoY.
negativeMargin metrics will be available once backend extracts data from insights_json
“It’s the start of a new chapter for Target and we’re moving quickly to take action against our priorities that will drive growth within our business.”
“These leadership changes align the right talent and expertise with key roles, and simplify our structure so we can advance our strategy with greater speed, clarity and accountability.”
“Cara and Lisa are proven leaders who deeply know our business and can drive change that delivers results.”
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