Target Corporation (TGT) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.858 -- 00:00:02.901 Ladies and gentlemen, thank you for standing by. 00:00:02.901 -- 00:00:07.827 Welcome to the Target Corporation first quarter earnings release conference call. 00:00:07.827 -- 00:00:11.893 During the presentation, all participants will be in a listen-only mode. 00:00:11.893 -- 00:00:15.558 Afterwards, we will invite you to participate in a question and answer session. 00:00:15.558 -- 00:00:20.865 At the close of prepared remarks, we will open the queue for the Q&A session. 00:00:20.865 -- 00:00:25.270 At that time, if you have a question, you will need to press star 1 on your telephone. 00:00:25.270 -- 00:00:30.811 As a reminder, this conference is being recorded Wednesday, May 20, 2026. 00:00:30.811 -- 00:00:33.134 I would now like to turn the conference over to Mr. 00:00:33.134 -- 00:00:36.158 John Holbert, Vice President, Investor Relations. 00:00:36.158 -- 00:00:38.342 Please go ahead, sir. 00:00:38.342 -- 00:00:42.688 Good morning, everyone, and thank you for joining us on our first quarter 2026 earnings 00:00:42.688 -- 00:00:48.255 conference call. On the line with me today are Michael Fidelke, Chief Executive Officer, 00:00:48.255 -- 00:00:53.823 Kara Sylvester, Chief Merchandising Officer, Lisa Roth, Chief Operating Officer, 00:00:53.823 -- 00:00:58.993 and Jim Lee, Chief Financial Officer. In a few moments, Michael, Kara, Lisa, 00:00:58.993 -- 00:01:02.780 and Jim will provide their insights on our first quarter performance and outlook for 00:01:02.780 -- 00:01:06.989 the rest of the year. Following their remarks, we'll open the phone lines for a question 00:01:06.989 -- 00:01:11.618 and answer session. This morning, we're joined on this conference call by investors and 00:01:11.618 -- 00:01:14.745 others who will be liste...