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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
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.