Q4 2025 Target Corp Earnings Call Transcript
Good morning everyone, and welcome to our 2026 financial community meeting. I'd like to thank everyone who's here with us in Minneapolis today and welcome everyone who's here with us online.
Michael will kick off in a couple of minutes, but I, first, I have a couple of important disclosures. First, any forward-looking statements that we make this morning are subject to risks and uncertainties, the most important of which are described in our SEC filings. And second, in today's remarks, we refer to non-GAAP financial measures, including adjusted earnings. Per share, adjusted operating income, and adjusted SG&A expenses. Reconciliations of all non-GAAP measures, the most directly comparable GAAP measure are included in our financial press releases, financial presentations, and SEC filings which are posted on our investor relations website. With that, I'll turn it over to Michael.
Welcome everyone. We're thrilled to be hosting our financial community meeting from our hometown of Minneapolis this
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