James Lee on share repurchases
From Target Corporation Q1 2026 Earnings Call | Net Sales Grow 6.7% To Top Estimates Driven By Traffic · · Investing 101
“We did not engage in any share repurchase activity during the first quarter. Looking ahead and assuming our business continues to perform well, we should have some capacity to repurchase shares later in the year with the magnitude and pace governed by our outlook and our goal to maintain our current middle credit ratings.”
On , James Lee, Executive VP & CFO at Target Corporation, spoke about share repurchases during Target Corporation Q1 2026 Earnings Call | Net Sales Grow 6.7% To Top Estimates Driven By Traffic on Investing 101.
About James Lee
On Target's Q1 2026 earnings call, Jim Lee stated that the company is planning for a full-year net sales increase centered around 4%, which he described as two percentage points stronger than the prior range. He noted that the company expects to end the year near the high end of its profit range, while maintaining a cautious outlook due to the amount of the year remaining. Lee said the company plans to request a small increase in the quarterly dividend from the board and, assuming continued business performance, may have capacity for share repurchases later in the year, with the pace governed by the company's outlook and goal of maintaining its credit ratings. Lee characterized the company's approach as "writing a new chapter for Target" through disciplined choices and a clear articulation of its role in retail. He described early signs that the company's plans are resonating with customers, while also emphasizing caution about the near-term operating environment due to consumer headwinds and dips in sentiment. Lee stated that the company is focused on delivering consistent growth and investing in the business, team, and communities, and that the first quarter represented a step toward long-term growth goals.