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Target CEO Brian Cornell On Wednesday, the company fought a “highly difficult environment”, which is a “highly difficult environment”, which is more softer than expected, expected income and ongoing profit pressures.
Minneapolis-based retailer retail traffic traffic and tries to return to growth, but the last three months are recorded with extensive industrial headlines, ie President Donald Trumps Tariff war that threatens to increase consumers’ prices in many sectors.
The company will have a profit under the year in the first quarter in the first quarter of this year earlier this year and will be a profit pressure annually compared to the uncertainty of the year in terms of uncertainty.
Target, best shopping, price increase warning increases for entry into force of tariffs
To work and return to long-term profitable growth, the company has prepared a new annual growth initiative called Enterprise Acceleration Department and made changes to its executive package.
Customer shops in Chicago, in a target store on November 26, 2024. (Reuters / Vincent Albanian / Reuters Pictures)
“In the first quarter, our team navigated a highly difficult environment and said that they expect a prominent assortment, experience and valuable guests,” CEO Brian Cornell said on Wednesday.
The changes announced on Tuesday, “It intends to build more speed and agility to manage basic opportunities for long-term earnings for Cornell.”
Trump tariffs will increase consumer prices: National Retail Federation
Target General Operating Director Michael Fiddelke, the Entity Acceleration Administration initiative, especially the company, “Cornell said,” Cornell, “Cornell.”
During the first financial quarter, the target was 23.8 billion dollars in the first quarter, and a year ago and 2.8% less than $ 24.32 billion in the wall street. The adjusted profit per share was $ 1.30, which was lower than the Wall Street waiting for $ 1.63.
Target shop in Snellville in 1900 in the stage highway (Google Maps / Google Maps)
Sales in the shops opened for at least a year decreased by 3.8% in the first quarter, the target was still a healthy digital growth, 36%, loyalty program, the target circle increased by 360 to 36%.
The target is now waiting for a low-level decline in sale for FISCAL 2025. FISCAL 2025, which is below $ 9.80 per share, is waiting for about $ 7-9 to $ 9.80.
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“These points, when strengthening the confidence of our work, we are not satisfied with the current performance and have the opportunity to make progress faster our map to grow,” Cornell said.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Tgt | Target Corp. | 98.18 | +0.21 |
+ 0.21% |
Earlier this year, Cornell was among the main leaders who warned about the results of the tariffs on the basic trade partners and even discussing the ongoing trade talks with other peoples and the impact of the tariffs applied to imported products.
