From Financial Modeling Prep: 2025-05-21 15:51:00

Target (NYSE:TGT) reported disappointing Q1 results, with adjusted EPS of $1.30, missing estimates of $1.65. Revenue fell 2.8% to $23.85 billion, below the expected $24.35 billion. Comparable sales dropped 3.8%, driven by a 5.7% decline in in-store sales. The company slashed its full-year guidance, now expecting a low-single-digit decline in sales and adjusted EPS of $7.00 to $9.00.

The weak results were attributed to a “highly challenging environment,” with Target citing ongoing pressure on consumer spending. With a 7% drop in share price, the retailer faces difficulties in navigating a sluggish demand environment. The combination of a Q1 miss and lowered outlook signals tough times for big-box retailers.



Read more at Financial Modeling Prep:: Target Drops Over 7% After Q1 Miss and Cut to 2025…