Target Corporation (TGT)
Target (TGT) Q4 2024 Earnings Call Transcript
Target Corporation (NYSE:TGT ) Q4 2024 Earnings Conference Call March 4, 2025 9:00 AM ET Company Participants Brian Cornell - Chief Executive Officer Michael Fiddelke - Executive Vice President, Chief Operating Officer Jim Lee - Executive Vice President, Chief Financial Officer Rick Gomez - Executive Vice President, Chief Commercial Officer Cara Sylvester - Executive Vice President, Chief Guest Experience Officer John Hulbert - Vice President, Investor Relations Conference Call Participants Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chris Horvers - JP Morgan Karen Short - Melius Research Cristina Morales - Signum Research Paul Lejuez - Citi Zhihan Ma - Bernstein John Hulbert Good morning everyone and welcome to our 2025 financial community meeting. I want to start by thanking all of you for spending some time with us today.
3 Major Grocery Retailers On Earnings Deck After Target's Warning On Trump Tariffs
Major grocery retailers are on tap after Target said higher produce prices from Trump tariffs could come in days. Costco earnings are due late Thursday.
Here's Why Target (TGT) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Target hit with 40-day boycott over DEI reversal — despite protests from black business owners
It's a triple whammy for the retailer as it emerges from a brutal year plagued by low spending and prepares for possible cost increases under President Trump's tariffs.
Target and Best Buy said they'll raise prices due to Trump tariffs. These other companies could be next
Target and Best Buy, two of the country's largest retail chains, warned their prices will increase after President Donald Trump's 25% tariffs on goods from Mexico and Canada went into effect on Tuesday, sending the stock market plunging more than 650 points and shooting shock waves through the financial system. Adding fuel to the fire, Trump also said he would double tariffs on all Chinese imports from 10% to 20%.
Tariffs Cast A Shadow Over Best Buy, Target: Could This Be A Buying Opportunity?
Just as Best Buy Co Inc BBY and Target Corp TGT gear up for a turnaround, tariffs are threatening to spoil the party.
Target Unveils Major Growth Plan With New Products and AI Integration
TGT's strategy focuses on innovation, digital expansion and customer experience to drive growth and strengthen its market position by fiscal 2030.
Are Target Boycotts Starting To Take Their Toll?
Target just reported fourth quarter net sales declined 3% and warned that February topline performance was “soft,” after civil rights leaders called for a Target boycott in Black History Month for changing its position on DEI, followed by a sharp drop in traffic to Target stores and website during the Feb. 28 Economic Blackout.
Target beats Q4 expectations but braces for impacts from tariffs
Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs.The retailer beat most estimates, however, and shares rose slightly before the opening bell Tuesday.Target reported net income of $1.1 billion, or $2.41 per share, far better than the $2.26 that Wall Street was expecting, according to a survey by FactSet. That is down from the $1.38 billion profit the company reported in the same period last year, though the most recent quarter had one fewer week of sales.Revenue fell to $30.91 billion, from $31.9 billion, but that also beat expectations.Americans have been pulling back on spending and retailers face a lot of uncertainty in the year ahead.President Donald Trump's long-threatened tariffs against Canada and Mexico went into effect Tuesday, pushing markets in Asia, Europe, and the U.S. lower, and setting up costly retaliations by the United States' North American allies, not to mention China.China said Tuesday that it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy, and beef, and also expanded controls on doing business with key U.S. companies.Consumers have already been pulling back on discretionary spending because the costs of groceries have risen so sharply.
Target Aims for $15 Billion Revenue Boost, Focuses on Digital and In-Store Experience
With cautious consumers making forecasting more difficult, Target on Tuesday (March 4) announced a plan to increase revenue by $15 billion over the next five years, a goal that underscores the company's strategic push to deepen customer engagement through its physical stores and digital platforms.
Nvidia: My Price Target 'Triggered', So I've Started To Buy The Dip (Upgrade)
I finally started buying Nvidia Corporation outside my index replicator strategies after a significant pull-back, buying shares at $112. The logic uses a PEG ratio model, capping growth assumptions at 25%, this jives with Peter Lynch's valuation principles. I'm strongly bullish on large language models and believe they will soon be used by the public through every IOT device and eventually robotics.
Target waves a red flag for retailers everywhere
Consumer confidence isn't the only headwind facing the retailer. Transcript: Kelsey Barberio: Target has now thrown up yet another red flag when it comes to the state of the U.S. consumer.
