--- title: "塔吉特的首席财务官警告称，消费者信心正在减弱" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/287096625.md" description: "塔吉特公司报告第一季度每股收益为 1.71 美元，超出预期，并上调了 2026 年的销售指引。然而，由于管理层对消费者情绪的谨慎展望以及未来更为严峻的同比比较，TGT 股票下跌了 4.55%。尽管销售增长强劲且利润率改善，首席财务官 Jim Lee 指出消费者情绪下降，这促使公司对 2026 财年的剩余时间采取谨慎的态度" datetime: "2026-05-20T16:15:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287096625.md) - [en](https://longbridge.com/en/news/287096625.md) - [zh-HK](https://longbridge.com/zh-HK/news/287096625.md) --- # 塔吉特的首席财务官警告称，消费者信心正在减弱 **Target Corporation ( TGT )** stock fell Wednesday despite the retailer reporting first-quarter results that topped Wall Street estimates and raising its full-year sales outlook, as investors focused on management’s warning of tougher year-over-year comparisons in the quarters ahead. ## Quarterly Earnings Beat Expectations The retailer reported first-quarter adjusted earnings of $1.71 per share, beating analyst estimates of $1.46. Sales rose 6.7% year over year to $25.44 billion, ahead of the Street consensus of $24.64 billion. Comparable sales increased 5.6% in the quarter, supported by broad-based growth across merchandise categories and sales channels. Comparable traffic rose 4.4% from the prior-year period. Target ( TGT ) said net sales increased across all six core merchandising categories. Digital comparable sales climbed 8.9%, driven by more than 27% growth in same-day delivery through Target Circle 360. Non-merchandise revenue increased nearly 25%, aided by higher Roundel advertising revenue, Target Circle 360 membership revenue and growth in the Target+ marketplace. ## CEO Commentary And Margin Expansion “As we look ahead, we’re focused on staying disciplined and flexible in an uncertain operating environment and continuing to invest boldly in our team, capabilities, and an elevated guest experience to unlock our full potential over time,” CEO **Michael Fiddelke** said. First-quarter adjusted operating margin improved to 4.5% from 3.7% a year earlier, while gross margin expanded to 29% from 28.2%. Capital expenditures totaled $1 billion during the quarter, up 31% from last year, primarily due to investments in new stores and remodels. The company ended the quarter with $3.53 billion in cash and equivalents. ## Inventory Trends And Brand Partnerships During the earnings call, management said inventory availability improved year over year, particularly in food, essentials and beauty. Executives also highlighted strong customer response to limited-time partnerships, including Roller Rabbit, Pokémon and BTS launches. ## Full-Year Outlook And Investor Concerns The company said it remains focused on long-term growth and plans to continue investing in its business, workforce and local communities to support expansion beyond 2026. Management added that it is remaining flexible in the current operating environment as consumers weigh multiple headwinds and tailwinds and consumer sentiment softens. “While we have momentum, we’re also being cautious about the near-term operating environment,” the company said, adding that it does not want “to swing too hard too quickly, despite the early signs of momentum we’re seeing.” CFO **Jim Lee** said, “While consumers have proven to be resilient so far, sentiment has been declining recently.” He also warned that sales comparisons will become more challenging through the remainder of fiscal 2026 after benefiting from easier comparisons in the first quarter. Target ( TGT ) affirmed fiscal 2026 adjusted earnings guidance of $7.50 to $8.50 per share, compared with analyst estimates of $8.14 per share. The retailer also raised its fiscal 2026 sales outlook to a range of $108.45 billion to $109.50 billion from its prior forecast of $106.88 billion. The updated outlook is above the analyst consensus estimate of $107.22 billion. ## Target Stock Reaction **TGT Price Action:** Target ( TGT ) shares were down 4.55% at $121.45 at the time of publication on Wednesday, according to Benzinga Pro data. _Image by Ken Wolter via Shutterstock_ ### 相关股票 - [TGT.US](https://longbridge.com/zh-CN/quote/TGT.US.md) - [EBIZ.US](https://longbridge.com/zh-CN/quote/EBIZ.US.md) - [XRT.US](https://longbridge.com/zh-CN/quote/XRT.US.md) - [ONLN.US](https://longbridge.com/zh-CN/quote/ONLN.US.md) - [RTH.US](https://longbridge.com/zh-CN/quote/RTH.US.md) - [IYK.US](https://longbridge.com/zh-CN/quote/IYK.US.md) - [IBUY.US](https://longbridge.com/zh-CN/quote/IBUY.US.md) - [XLP.US](https://longbridge.com/zh-CN/quote/XLP.US.md) ## 相关资讯与研究 - [塔吉特 Q1 业绩全面超预期，上调全年销售指引，华尔街反应积极](https://longbridge.com/zh-CN/news/287087231.md) - [唯品会 618 年中特卖节将开启，上线 48 小时限量爆款活动](https://longbridge.com/zh-CN/news/286993489.md) - [塔吉特销售持续疲软，任命新任供应链负责人](https://longbridge.com/zh-CN/news/286935827.md) - [无惧物价冲击！塔吉特交出四年最强同店销售答卷 新 CEO 转型战略初战告捷](https://longbridge.com/zh-CN/news/287066407.md) - [零售商接连遭遇重重经营困境](https://longbridge.com/zh-CN/news/286781479.md)