From Yahoo Finance: 2025-05-21 17:20:00

Target slashed its annual sales forecast due to a fall in quarterly same-store sales, impacted by worries about inflation and the economy. The company’s stock has dropped 40% in the last year, facing challenges in merchandise, retail crime, and inventory management. Target now expects a low-single digit decline in annual sales, contrasting with Walmart’s maintained forecast. CEO Brian Cornell stated that pricing decisions will depend on efforts to source more products in the U.S. and reduce reliance on China. Target has faced backlash over ending diversity, equity, and inclusion policies, leading to boycotts and a decline in first-quarter comparable sales. The company is working on negotiating with suppliers and expanding sourcing to other Asian countries to offset exposure to tariffs. Target expects annual adjusted earnings between $7.00 and $9.00 per share, down from its prior forecast.



Read more at Yahoo Finance: Target sales plummet amid tariffs, inflation and boycotts