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Target Set to Report Q1 Earnings Amid Sales Pressure and Tariff Concerns
Target to announce its fiscal first quarter earnings Wednesday before the market opens, with analysts projecting a drop in both profit and sales. The retailer faces mounting challenges from inflation, tariffs, and a consumer shift toward essential goods.
Big box retailer Target Corp (TGT) is scheduled to announce its fisc al first quarter earnings on Wednesday before the market opens. Ahead of the report, the company’s stock was trading 0.6% lower amid a broader pullback in the market.
Target is expected to report earnings per share (EPS) of $1.68 on $24.42 billion in revenue. These figures reflect year-over-year declines of -17.2% and -0.47%, respectively. According to Nasdaq, estimates for the quarter have steadily declined over recent weeks, falling from $1.74 a week ago and $1.81 two months ago.
Same-store sales for the quarter are forecast to drop by -1.7%, a significant shift from +1.5% in the previous quarter and +0.3% in the quarter before that.
The retailer is navigating significant headwinds as it shifts focus toward lower-margin essential goods, a strategic pivot driven by persistent inflation, elevated interest rates, tariff concerns, and increased market competition.
In its last quarterly report, Target delivered better-than-expected fourth-quarter results but cautioned that tariffs and deteriorating consumer sentiment would likely impact future performance.
In a note ahead of the earnings release, JPMorgan analysts indicated they expect Target to lower its full-year sales and profit forecasts. However, they added that they "remain on the positive side of the company's long-term relevance to the consumer," according to Investopedia.
The broader retail sector is under similar pressure. Walmart (WMT), which reported last week , warned it may need to raise prices in the coming months due to tariffs. President Trump pushed back on the company’s stance , and it remains uncertain whether a recent pause in tariff activity with China will ease the pricing pressure.
Other major retailers including Home Depot, Lowe's , and Deckers Outdoors are also set to report earnings this week, making it a pivotal period for the retail industry.
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