--- title: "塔吉特的首席財務官警告稱，消費者信心正在減弱" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/287096625.md" description: "塔吉特公司報告第一季度每股收益為 1.71 美元，超出預期，並上調了 2026 年的銷售指引。然而，由於管理層對消費者情緒的謹慎展望以及未來更為嚴峻的同比比較，TGT 股票下跌了 4.55%。儘管銷售增長強勁且利潤率改善，首席財務官 Jim Lee 指出消費者情緒下降，這促使公司對 2026 財年的剩餘時間採取謹慎的態度" 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) --- # 塔吉特的首席財務官警告稱，消費者信心正在減弱 **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_ ### 相關股票 - [TGT.US](https://longbridge.com/zh-HK/quote/TGT.US.md) - [EBIZ.US](https://longbridge.com/zh-HK/quote/EBIZ.US.md) - [XRT.US](https://longbridge.com/zh-HK/quote/XRT.US.md) - [ONLN.US](https://longbridge.com/zh-HK/quote/ONLN.US.md) - [RTH.US](https://longbridge.com/zh-HK/quote/RTH.US.md) - [IYK.US](https://longbridge.com/zh-HK/quote/IYK.US.md) - [IBUY.US](https://longbridge.com/zh-HK/quote/IBUY.US.md) - [XLP.US](https://longbridge.com/zh-HK/quote/XLP.US.md) ## 相關資訊與研究 - [塔吉特股票警報：塔吉特聘請前沃爾瑪高管，你需要了解什麼](https://longbridge.com/zh-HK/news/286957668.md) - [塔吉特第一季度預覽：這家零售商是否已經站穩腳跟？數據顯示過去三個月的訪問量有所上升](https://longbridge.com/zh-HK/news/286952805.md) - [為什麼塔吉特的股票今天出現下跌](https://longbridge.com/zh-HK/news/287143678.md) - [激進投資者對塔吉特董事會的挑戰以及產品組合的更新可能會成為塔吉特（TGT）的重大變革](https://longbridge.com/zh-HK/news/286635672.md) - [如何在第一季度財報發佈前通過投資塔吉特股票每月賺取 500 美元](https://longbridge.com/zh-HK/news/286767027.md)