Target (TGT) Q1 2025 Earnings

Target Cut the full annual sales outlook on Wednesday because the executors said more weakly willing costs, Consumer uncertainty about tariffs and retreat The company harms the process of returning the basic diversity, capital and efforts.

In the first quarter, the sale of the sale of the wall street missed the expectations of the wall street and decreased about 3% compared to the more than the year. Operations in target stores and website decreased by 2.4%. And the average amount Customers spent online and in store visits decreased by 1.4%.

The weak performance in the quarter of the target reflects the company is wider struggle Return to grow and return the cheap stylish reputation and fan that names the ” Tarzhay ‘. The company is trying to refund loyalty and trust Buyers and investors such as sales slip continue and after their shares, as well as in the last year, as in Tuesday, was 37%.

Calling with reporters, CEO Brian Cornell has closed the problems in the economy of many retailers. He still said the goal is committed to doing better.

The call appealed to a shared statistics: the reflection of sales where the company has received a market share or retained sales rivals in just 15 of the company.

“We’re not happy with that,” said Cornell. “We must share 60, 70, 80% of those categories. This is aimed at the balance of the year and we will do it with confidence that we give a big shopping environment.”

The target is now waiting for a low-level decline in this fiscal year in this fiscal year, compared to the previous forecast of the net sales growth of about 1%. This was previously expected from $ 8.80 to $ 9.80 to $ 9.80 to $ 9.80, compared to $ 9.80, about $ 9.80, about $ 7-9, about $ 9.80, about $ 7-9, about $ 7-9, about $ 7-9, about $ 7-9, about $ 7-9, about $ 9.80, about $ 9.80, about $ 9.80, about $ 9.80, about $ 7 to $ 9.80, about $ 7-19, he said.

The target also announced the creation of a new office designed for some leadership skyups and turns Its results. Michael Fiddelke, Michael Fiddelke, will take control of new efforts called the acceleration department, which will be looking for methods to simplify operations, use the target and accelerate the target growth.

The goal is to leave Amy Tu, Chief Law and Compliance Officer, Chief Strategy and Gracious, Gristina Henningon. Hennington, the main lead Some of the company’s profit challenges were widely considered to be a candidate for COOR CORNELL in industrial circles.

According to the analysts analysts by LSEG, this is the Minneapolis-based retailer for the first quarter of the Wall Street compared to the financial first quarter:

• Earnings for a stock: $ 1.30 is adjusted, this number is not clear if compared to an expected $ 1.61 analyst
• Comes from: $ 23.85 billion and $ 24.27 billion is expected

The target net income reached $ 1.04 billion in the three-month period ended on May 3 or rose to $ 2.27 per share or $ 2.03 per share year-before period.

Comparable sales have decreased by 3.8% compared to the more than the year, because comparable store sales increased by 5.7%, digital sales 4.7%.

Target shares fell to more than 3% in Premarket Trade on Wednesday.

Tariffs were added to a collection of difficult problems for the target only. The annual income of the discoper was approximately four years in a row. Sale, manufacturer, such as home decor, for example, consumers are more weak in sales categories, for which they are careful to choose and spend. The company withdrew from buyers and Rev. Activist pressure, including Al Sharpton – pressure from activists to return the diversity, capital and entry program.

Cornell told reporters that he hoped to be in the first quarter of the target. Again, including some bright spots, including the membership program, the popularity of a limited timing of clothing and accessory collection with a brand Kate Spade belonging to a jump and tapestry on the target circle 360, 36% 360.

Sunday share in some categories targeting during the first quarter, said the General Officer Rick Gomez called journalists. These include drunk drinks, flowers and products. In addition, female mayo dresses and toddler grown traffic around Valentine’s Day and Easter, including even larger and Easter, including the traffic growth and traffic.

Follow the target’s earnings from other retailers, including Walmart and Home Warehouse updates. Both large boxes retailers reaffirmed their full annual meetings when both warning quarterly earnings. However, how the two companies were divided by expenses higher than tariffs. Walmart warned The prices will have to raise Due to the tasks of this month for customers this month. The house warehouse, on the other hand, said he did not plan to increase prices.

Gomez will increase prices in some items to pay the tariff-related costs. According to him, the company also negotiates with the sellers, re-evaluating the goods he sold, changing the country and regulating the time, he said he was trying to minimize the country he sold.

Although repeatedly pressed by reporters, Cornell did not respond to the company’s tariff price increase or the prices for the retail fees due to retail fees.

“We constantly regulate prices,” he said. “Some are rising, some will decrease, but this is an effort that happens every day and every day.”

He said he was Cornell in an interview early in March To see higher prices of expected customers For strawberries, avocados and banners, in the coming days due to the expected 25% tariff in Mexico and Canada. Since then, since the United States, many have released many of these countries, but imported from China – the main production center for the target – there is a 30% fee.

Gomez said that about half of the target currently sold is from the United States. Over the past few years, the retailer has tried to transfer the production of private label brands to different countries outside China.

About 30% of China in 2017 with personal label brands and the company said that the company plan to bring up to 25% by the end of the next year.

Price pressure will last in the second quarter, but the target is waiting for more comfort in half of the year, the General Financial Officer Jim Lee called journalists. He said that due to the higher demand, for example, there are several quarterly expenses related to the reduction in inventory such as markdowns.

Gomez remained a priority to offer low-valuable items, despite the tariff costs. In the front part of the company’s stores, cheap seasonal items have an area sold for 1, 3 and $ 5. Gomez said that the target is planned to keep the same prices in that part of the store and add mini beauty products and fashion food and drink items.