Key Takeaways TGT generated $3.5B in operating cash flow, supported by improved inventory and working capital.Target plans about$4B in FY25 capex, rising to $5B in FY26 for store and category resets.TGT returned$518M to shareholders via dividends and buybacks while maintaining $3.8B in cash.Target Corporation’s (TGT) capital allocation strategy reflects a careful balance between investing for future growth and preserving financial resilience. Despite ongoing softness in discretionary categories, the compa ...