Arun Sundaram says Target (TGT) has seen a "good recovery" in its recent earnings compared to third quarter, though it still has a long way to go before snatching Walmart's (WMT) retail crown. One issue he believes plagues the company is its focus on discretionary goods over staples like groceries.
Good earnings news wasn't great news for Target (TGT -4.68%) stock this morning, after the big-box retailer announced a sizable earnings beat Tuesday, then saw its stock sell off.
While the top- and bottom-line numbers for Target (TGT) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Target (TGT -4.32%), a national retailer known for its red bulls-eye and wide-ranging product selection, released its fourth-quarter 2024 results on March 4, 2025. The results showcased a performance that slightly exceeded Wall Street's expectations, with an EPS of $2.41 against a forecasted $2.27 and revenue reaching $30.9 billion over an expected $30.82 billion.
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump's tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday.
Target beat Wall Street's fourth-quarter expectations on the top and bottom lines, but it's planning for a rough first quarter, adding to concerns about consumer health. CEO Brian Cornell joined CNBC to discuss the results and the state of the consumer.
The CEOs of Target and Best Buy each addressed Trump's new tariffs on Canada, Mexico, and China. Target's chief executive, Brian Cornell, said some grocery costs could go up as early as this week.
Taco Bell's same-store sales are expected to rise 8% in the first quarter.
CEO Brian Cornell said Target relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices.
Target (TGT) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.98 per share a year ago.
Michael Lasser, UBS retail analyst, joins 'Squawk Box' to break down Target's quarterly earnings results.
Target (TGT) posted better-than-expected fourth-quarter results, although it warned that the uncertainty around tariffs would weigh on current-quarter results.