Target Corp is a leading retail company in the United States that offers a wide range of products including clothing, electronics, groceries, and household goods
Known for its commitment to providing a fun and accessible shopping experience, the company operates a vast network of stores across the country, along with an online platform that allows customers to shop conveniently from home. Target focuses on delivering high-quality merchandise at competitive prices, and it engages in various initiatives to enhance sustainability and community engagement. The company's blend of trendy design, value, and customer service has made it a popular destination for consumers of all demographics.
General merchandise retailer Target (NYSETGT) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.1% year on year to $30.92 billion. Its non-GAAP profit of $2.41 per share was 7.1% above analysts’ consensus estimates.
While they pointed higher earlier this morning, futures across the board are in the red, suggesting a continued move lower in equities when the US stock market begins trading later this morning.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
Target's Q4 results show a 3% decline in sales, though digital growth and strong traffic helped boost comparable sales by 1.5%. Target expects FY25 sales to grow by 1% and adjusted EPS between $8.80 and $9.80.
The earnings focus continues to be on the retail space, with several bellwether operators on deck to report results this week, including Target, Best Buy, Costco, Macy’s, and others.
