March 4, 2025 - 14:16
Sales and profits at Target declined during the essential holiday quarter as consumers moderated their spending habits. The retail giant cautioned that the beginning of the year would see “meaningful pressure” on its profits due to tariffs and escalating costs.
In terms of financial performance, Target reported a net income of $1.1 billion, translating to earnings of $2.41 per share. This figure exceeded analysts' expectations, which had projected earnings of $2.26 per share, according to a survey conducted by FactSet.
Despite the overall dip in sales, comparable sales, which include revenue from stores and digital channels that have been operating for at least 12 months, saw a modest increase of 1.5%. This suggests that while challenges remain, there are still areas of growth within the company. As Target navigates these economic hurdles, stakeholders will be closely monitoring its strategies and performance in the upcoming quarters.
