Target's stock drops as earnings fall below forecasts, and the outlook was lowered

Dow Jones

May 21, 2025

MW Target's stock drops as earnings fall below forecasts, and the outlook was lowered

Shares of Target Corp. (TGT) slumped 2% in premarket trading Wednesday, after the discount retailer missed fiscal first-quarter earnings expectations and cut its full-year profit outlook, as the retail environment continued to be highly challenging.

The company also established an "acceleration" office and some leadership changes to improve efficiency and speed up its growth plan.

For the quarter to May 3, adjusted earnings per share dropped to $1.30 from $2.03 a year ago, and missed the average analyst EPS estimate compiled by FactSet of $1.61.

Net sales declined 2.8% to $23.85 billion, below the FactSet consensus of $24.23 billion, as comparable sales decreased 3.8% to miss expectations of a 2% decline.

For fiscal 2025, the company cut its guidance range for adjusted EPS to $7.00 from $9.00 from $8.80 to $9.80.

This is breaking news. Check back for updates.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 21, 2025 06:43 ET (10:43 GMT)

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Check back for updates. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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(TGT) slumped 2% in premarket trading Wednesday, after the discount retailer missed fiscal first-quarter earnings expectations and cut its full-year profit outlook, as the retail environment continued to be highly challenging. \n</p>\n<p>\n     The company also established an \"acceleration\" office and some leadership changes to improve efficiency and speed up its growth plan. \n</p>\n<p>\n     For the quarter to May 3, adjusted earnings per share dropped to $1.30 from $2.03 a year ago, and missed the average analyst EPS estimate compiled by FactSet of $1.61. \n</p>\n<p>\n     Net sales declined 2.8% to $23.85 billion, below the FactSet consensus of $24.23 billion, as comparable sales decreased 3.8% to miss expectations of a 2% decline. \n</p>\n<p>\n     For fiscal 2025, the company cut its guidance range for adjusted EPS to $7.00 from $9.00 from $8.80 to $9.80. \n</p>\n<p>\n     This is breaking news. Check back for updates. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 06:43 ET (10:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGT","symbol_name":"塔吉特","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537598461","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537598461","pubTimestamp":1747824180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Target Corp.  slumped 2% in premarket trading Wednesday, after the discount retailer missed fiscal first-quarter earnings expectations and cut its full-year profit outlook, as the retail environment continued to be highly challenging.The company also established an \"acceleration\" office and some leadership changes to improve efficiency and speed up its growth plan.For the quarter to May 3, adjusted earnings per share dropped to $1.30 from $2.03 a year ago, and missed the average analyst EPS estimate compiled by FactSet of $1.61.Net sales declined 2.8% to $23.85 billion, below the FactSet consensus of $24.23 billion, as comparable sales decreased 3.8% to miss expectations of a 2% decline.For fiscal 2025, the company cut its guidance range for adjusted EPS to $7.00 from $9.00 from $8.80 to $9.80.This is breaking news. 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(TGT) slumped 2% in premarket trading Wednesday, after the discount retailer missed fiscal first-quarter earnings expectations and cut its full-year profit outlook, as the retail environment continued to be highly challenging. \n\n\n     The company also established an \"acceleration\" office and some leadership changes to improve efficiency and speed up its growth plan. \n\n\n     For the quarter to May 3, adjusted earnings per share dropped to $1.30 from $2.03 a year ago, and missed the average analyst EPS estimate compiled by FactSet of $1.61. \n\n\n     Net sales declined 2.8% to $23.85 billion, below the FactSet consensus of $24.23 billion, as comparable sales decreased 3.8% to miss expectations of a 2% decline. \n\n\n     For fiscal 2025, the company cut its guidance range for adjusted EPS to $7.00 from $9.00 from $8.80 to $9.80. \n\n\n     This is breaking news. Check back for updates. \n\n\n     -Tomi Kilgore \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2025 06:43 ET (10:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}