Market Overview - U.S. futures are down across the board, with the Dow down 345 points (-0.81%), S&P 500 down 38 points (-0.64%), Nasdaq down 146 points (-0.68%), and Russell 2000 down 21 points (-1.02%) [2] - Major indexes have been flat over the past five trading days, with the Dow showing a slight increase of 1% over the past month, while all indexes are up double-digits [2] Q1 Earnings Reports - Target's Q1 earnings were disappointing, with earnings of $1.30 per share missing the Zacks consensus of $1.65 by 19.75%. Revenues of $23.85 billion were 1.58% short of expectations. The company has cut its growth forecast to negative from slightly positive [3] - Lowe's reported better-than-expected Q1 results, with earnings of $2.92 per share beating the Zacks consensus by 4 cents, and revenues of $20.93 billion slightly exceeding the anticipated $20.92 billion. Shares are up 1.75% in early trading [4] - The TJX Companies modestly beat expectations with earnings of 92 cents per share, 2 cents above estimates, and revenues of $13.11 billion, surpassing the anticipated $13.0 billion. Comparable sales grew by 3% year over year [5] - VF Corp. reported mixed results, with a narrower-than-expected loss of 13 cents per share compared to the estimated 15 cents, but revenues of $2.14 billion fell short of the $2.18 billion consensus. Shares are down 14% due to a challenging macro environment [6] Upcoming Earnings - Urban Outfitters is expected to report solid growth in both top and bottom lines year over year. Additionally, Snowflake and Zoom Communications will also release their quarterly results later today [7]

Target Corporation (TGT) reported first-quarter fiscal 2025 results, with the top and bottom lines missing the Zacks Consensus Estimate. TGT witnessed a sharp decline in comparable sales. Lower-than-expected results compelled the Minneapolis-based retailer to cut its full-year guidance, reflecting ongoing headwinds in consumer demand and operational pressures.Despite sales falling short of expectations, the quarter saw positive developments such as robust digital growth, a 36% jump in same-day delivery via ...

Core Viewpoint - Target has lowered its full-year sales forecast due to weak discretionary spending, tariff pressures, and consumer boycotts related to its DEI policies [1][5][15] Sales Performance - Comparable sales dropped 3.8% in the quarter ended May 3, exceeding Wall Street's expectations for a decline [2] - The company now expects net sales to fall by a low single-digit percentage, abandoning earlier hopes for a modest increase [1][8] Challenges Faced - CEO Brian Cornell cited several headwinds, including five consecutive months of declining consumer confidence, uncertainty regarding potential tariffs, and backlash from DEI policy updates [3][4] - Target's vulnerability is highlighted compared to competitors like Walmart, which have larger grocery operations that provide a buffer against declines in discretionary spending [6] Internal Strain and Leadership Changes - Signs of internal strain are evident, with a leadership shakeup announced, including the departure of longtime executive Christina Hennington [10] - Chief Operating Officer Michael Fiddelke will lead a new "multiyear acceleration office" aimed at reigniting growth [10] Consumer Backlash and Boycotts - Target has faced boycotts from both conservative and liberal groups due to its handling of diversity initiatives and LGBTQ-themed products [11][12] - The backlash resulted in a 40-day consumer boycott beginning in March and a class-action lawsuit alleging misleading information about financial risks associated with DEI policies [15] Tariff Impact - Tariffs are compounding Target's challenges, influencing pricing strategies, although executives avoided directly blaming tariffs [15][16] - The company is negotiating with suppliers and adjusting sourcing strategies to mitigate tariff impacts [16] Future Strategies - Despite setbacks, Target is focusing on value-driven seasonal events and partnerships to rekindle consumer interest [18] - The company plans to introduce over 10,000 new items this summer, with prices starting as low as $1, aiming to win everyday consumer moments [19]

For the quarter ended April 2025, Target (TGT) reported revenue of $23.85 billion, down 2.8% over the same period last year. EPS came in at $1.30, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $24.23 billion, representing a surprise of -1.58%. The company delivered an EPS surprise of -19.75%, with the consensus EPS estimate being $1.62.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Target Q1 2025 Results Comparable Sales -3.8% Digital Comparable Sales +4.7% Stores Comparable Sales -5.7% GAAP EPS $2.27 In Q1, our team navigated a challenging environment that impacted performance, and we remained focused on delivering what we know resonates with consumers: an outstanding assortment, experience and value. Adjusted EPS* $1.30 We're focused on maintaining the health of our core business as we navigate the balance of 2025 and accelerating our was driven by 5% growth in same-day services. Sa ...

Core Insights - Target reported first-quarter sales of $23.85 billion, a decline of over 2.8% year-over-year, falling short of analyst expectations of $24.23 billion [2] - The company anticipates a low-single-digit decline in full-year sales and adjusted earnings per share between $7 and $9, revising previous expectations of a 1% increase and a range of $8.80 to $9.80 [3] - Executives attributed the sales decline to backlash against the company's diversity, equity, and inclusion initiatives and reduced consumer spending due to tariff uncertainties [4] Sales Performance - First-quarter sales decreased to $23.85 billion, down from the previous year, indicating a significant drop in consumer spending [2] - The company's stock fell nearly 7% to just over $91, marking a 33% decline year-to-date [4] Future Projections - Target's revised outlook includes expectations of declining sales and earnings, contrasting with earlier projections of growth [3] - The company plans to raise prices only as a last resort in response to tariffs, indicating a strategy to mitigate impacts through other means [5] Background Context - Target's diversity initiatives faced backlash after the company scaled back its long-term goals, which were initially ramped up following the 2020 police killing of George Floyd [7] - The decision to roll back these initiatives was influenced by external pressures and a desire to align with the evolving landscape [7]

Target on Wednesday lowered its full-year forecast for sales in 2025, as executives said consumers have spent less amid unpredictability surrounding tariffs, the latest company to flag concerns and cut projections, citing uncertainty over U.S. tariffs.Target will likely have sales decline throughout 2025, the retailer said after previously projecting a 1% growth, as CEO Brian Cornell and CCO Rick Gomez reportedly blamed weaker spending amid uncertainty about tariffs and backlash to the company’s phasing out ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Target (TGT) Q1 2026 Earnings Call May 21, 2025 08:00 AM ET Company Participants John Hulbert - Director - Investor CommunicationsBrian Cornell - Chair & CEORick Gomez - EVP & CCOMichael Fiddelke - Executive VP & COOJim Lee - EVP & CFOKate McShane - Managing DirectorNone - ExecutiveEdward Kelly - Managing Director - Equity Research Conference Call Participants Christopher Horvers - Senior AnalystRupesh Parikh - Managing Director and Senior AnalystMichael Lasser - Equity Research Analyst - Hardlines, Broadli ...

Target (TGT) Q1 2026 Earnings Call May 21, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation First Quarter Earnings Release Conference Call. During the presentation, all participants will be in a listen only mode. Afterwards, we will invite you to participate in a question and answer session. At the close of prepared remarks, we will open the queue for Q and A session. As a reminder, this conference is being recorded, Wednesday, 05/21/2025. I would ...