Target's Shares Weaker Following 1Q Results, Lowered Guidance -- Market Talk

Dow Jones

2025/05/21

0754 ET - Target slips after 1Q results disappoint and guidance for the fiscal year is lowered. 1Q comparable sales fell 3.8%, while Wall Street was expecting a 2% decline. For fiscal 2025, Target now expects a low-single digit decline in sales and adjusted EPS of approximately $7 and $9 compared to previous guidance of sales growth around 1% and adjusted EPS between $8.80 and $9.80. The company cited uncertainty around tariffs, the economy and consumer demand in lowering its outlook. Shares decline 4.5% to $93.75 premarket. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

May 21, 2025 07:54 ET (11:54 GMT)

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