Target Issues Cautious Sales Outlook Amid Trade an…
From Barchart: 2025-03-04 11:50:00
Target (NYSE:TGT) provided a cautious sales outlook due to trade policy uncertainty, causing shares to drop over 6%. Comparable sales growth is expected to be flat, below projections for 1.7% growth. Despite concerns, fourth-quarter sales rose 1.5%, driven by strong holiday demand. Profitability is expected to decline in the first quarter.
Target reported stronger-than-expected fourth-quarter sales, with a 1.5% increase in comparable sales. Quarterly profit before interest, taxes, depreciation, and amortization exceeded analyst forecasts at $2.26 billion. The company anticipates improved sales trends with warmer weather and key shopping periods, but macroeconomic uncertainties remain a concern for future performance.
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