Target (TGT) reported fiscal Q1 adjusted earnings Wednesday of $1.30 per diluted share, down from $2.03 a year earlier.
Analysts polled by FactSet expected $1.61.
Sales for the fiscal quarter ended May 3 were $23.85 billion, down from $24.53 billion a year earlier.
Analysts surveyed by FactSet expected $24.23 billion.
For 2025, the company now expects adjusted EPS of $7.00 to $9.00 on a low-single digit decline in sales, compared to its previous projection of adjusted EPS of between $8.80 and $9.80 on net sales growth of around 1%.
Analysts polled by FactSet expect non-GAAP EPS of $8.34 on revenue of $106.67 billion.
Target shares fell more than 1% in premarket trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.