Target experiences a 2.1% increase in traffic during the fourth quarter, though the average transaction amount declines 0.6%.
The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.
Shares of Target Corp TGT were trading lower on Tuesday, after the company reported its fourth-quarter results.
Target hosted a financial meeting with investors and analysts in New York City after issuing fiscal 2024 fourth quarter earnings. The company plans to boost its online marketplace and product assortment to drive $15 billion in sales growth by 2030.
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.