Target (TGT) Q1 2026 (USD): Adj. EPS 1.71 (exp. 1.43), Revenue 25.4bln (exp. 24.59bln); SSS: Q1 SSS 5.6% (exp. 2.4%), FY EPS view at the high end of 7.50-8.50 (exp. 8.08)

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[MARKET UPDATE] Crude futures dip ~USD 1/bbl apiece despite a lack of major headlines, although the Iranian Supreme Leader's recent commentary lacks any escalatory language

Iranian Supreme Leader Khamanei says "we stand before the epic-making feats of the Iranian nation in its unique historical resistance against the two global terrorist armies"

Target (TGT) Q1 2026 (USD): Adj. EPS 1.71 (exp. 1.43), Revenue 25.4bln (exp. 24.59bln); SSS: Q1 SSS 5.6% (exp. 2.4%), FY EPS view at the high end of 7.50-8.50 (exp. 8.08)

The Trump-class battleship is to be nuclear-powered, Axios reports citing Chief of Naval Operations Caudle; it was first estimated that it will cost over USD 17bln

Jordanian army has updated that an "unmanned aerial vehicle of unknown origin" entered Jordanian airspace and was shot down in the Jerash district, in the north of the country; there were no casualties, Journalist Kais reports

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CEO COMMENTS

  • Maintains cautious outlook despite updated guidance.
  • Consumer resilient despite a mix of headwinds.

GUIDANCE

  • FY EPS view at the high end of 7.50-8.50 (exp. 8.08).

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