Financial Performance - Full-year 2024 Net Sales decreased by 0.8% to $106.6 billion from $107.4 billion in 2023[11] - Fourth quarter Net Sales were $30.9 billion, a decline of 3.1% compared to the same quarter in 2023[10] - Fourth quarter GAAP and Adjusted EPS were $2.41, down 19.3% from $2.98 in 2023[5] - Full-year GAAP and Adjusted EPS were $8.86, a decrease of 0.9% from $8.94 in the prior year[5] - Target Corporation reported net earnings of $4,091 million for the twelve months ended February 1, 2025, a slight decrease from $4,138 million in the previous year[27] - Net earnings for Q4 2023 were $1,103 million, down 20.2% from $1,382 million in Q4 2024[34] - EBIT for Q4 2023 was $1,496 million, reflecting a 21.0% decline from $1,893 million in Q4 2024[34] - EBITDA for Q4 2023 was $2,262 million, a decrease of 13.7% compared to $2,622 million in Q4 2024[34] Sales and Growth - Digital comparable sales grew by 8.7% in the fourth quarter, with Same-Day delivery increasing over 25%[4] - Full-year comparable sales growth was 0.1%, with traffic increasing by 1.4% across stores and digital channels[4] - Comparable sales increased by 1.5% in the three months ended February 1, 2025, compared to a decline of 4.4% in the same period last year[30] - Digitally originated comparable sales rose by 8.7% in the three months ended February 1, 2025, while stores originated comparable sales decreased by 0.5%[30] Operating Income and Expenses - The company's operating income for the fourth quarter was $1.5 billion, a decrease of 21.3% from $1.9 billion in 2023[10] - Cash provided by operating activities was $7,367 million for the twelve months ended February 1, 2025, down from $8,621 million in the prior year[27] - Total depreciation and amortization for Q4 2023 was $766 million, an increase of 5.2% from $729 million in Q4 2024[34] - Net interest expense for Q4 2023 was $90 million, down 15.6% from $107 million in Q4 2024[34] Assets and Liabilities - Total assets increased to $57,769 million as of February 1, 2025, compared to $55,356 million as of February 3, 2024[25] - Total current liabilities increased to $20,799 million as of February 1, 2025, from $19,304 million as of February 3, 2024[25] - The current portion of long-term debt and other borrowings increased to $1,636 million from $1,116 million year-over-year[36] Efficiency and Cost Management - Target has achieved over $2 billion in cost savings through ongoing efficiency efforts over the last two years[4] - After-tax return on invested capital (ROIC) for the trailing twelve months ended February 1, 2025, was 15.4%, down from 16.1% for the prior year[36] - Invested capital as of February 1, 2025, was $29,779 million, up from $29,273 million in the previous year[36] Future Guidance - The company expects full-year 2025 GAAP and Adjusted EPS to be in the range of $8.80 to $9.80[9] - Full year 2025 GAAP diluted EPS guidance is projected to be between $8.80 and $9.80[33] Store Operations - The number of stores increased to 1,978 as of February 1, 2025, compared to 1,956 stores as of February 3, 2024[31] - Target Circle Card penetration decreased to 17.6% in the three months ended February 1, 2025, from 18.4% in the same period last year[31] - The company repurchased $1,007 million in stock during the twelve months ended February 1, 2025[27]

Core Insights - Target Corporation reported a decline in both fourth-quarter and full-year earnings per share (EPS) for fiscal 2024, with fourth-quarter GAAP and Adjusted EPS at $2.41 compared to $2.98 in 2023, and full-year EPS at $8.86 compared to $8.94 in the prior year [2][10] Financial Performance - Fourth-quarter net sales were $30.9 billion, a decrease of 3.1% compared to the same quarter in 2023, which had an additional week of sales [6][30] - Full-year net sales decreased by 0.8% to $106.6 billion from $107.4 billion, with comparable sales showing a slight increase of 0.1% [7][10] - The company's total comparable sales increased by 1.5% in the fourth quarter, driven by an 8.7% increase in digital sales, while comparable store sales declined by 0.5% [6][10] Operating Results - Operating income for the fourth quarter was $1.5 billion, down 21.3% from $1.9 billion in 2023, resulting in an operating income margin of 4.7% compared to 5.8% in the previous year [6][8] - Full-year operating income was $5.6 billion, a decline of 2.5% from $5.7 billion in 2023, with a full-year gross margin rate of 28.2%, up from 27.5% in the prior year [9][10] Sales Metrics - The company experienced strong performance in categories such as Beauty, Apparel, Entertainment, Sporting Goods, and Toys, contributing to better-than-expected sales and profitability [3] - Digital comparable sales growth of 8.7% in the fourth quarter indicates a shift towards online shopping, with same-day delivery services growing over 25% compared to the previous year [10] Guidance and Expectations - For fiscal 2025, the company anticipates profit pressure in the first quarter due to consumer uncertainty and a decline in February net sales, but expects a moderation in trends as weather improves [4][5] - The company projects full-year net sales growth around 1% and GAAP and Adjusted EPS guidance between $8.80 and $9.80 [11][38] Capital Deployment - Target paid dividends of $513 million in the fourth quarter, reflecting a 1.8% increase in the dividend per share compared to the previous year [15] - The company repurchased $506 million of its shares in the fourth quarter, with approximately $8.7 billion remaining under the repurchase program [16] Return on Invested Capital - The after-tax return on invested capital (ROIC) for the trailing twelve months was 15.4%, down from 16.1% in the previous year, primarily due to lower profitability [17][44]

Core Viewpoint - Target is expected to report a decline in earnings for the fiscal fourth quarter, despite raising its sales forecast, indicating reliance on discounts which may pressure margins [1][2][4] Sales Performance - Target raised its comparable sales guidance in January due to steady traffic during the holiday shopping season, but maintained its profit guidance, suggesting reliance on deals and discounts [2][4] - The retailer has struggled with discretionary merchandise sales amid inflation and competition, while Walmart has seen strength in this category [3][4] Financial Outlook - Target's earnings per share are projected at $2.26, with revenue expected to be $30.8 billion [9] - The company cut its profit guidance in November after a significant earnings miss, attributing some issues to costs related to a port strike, but primarily due to weaker discretionary sales [4] Product Strategy - Target has found success with new, trendy merchandise, such as workout gear and seasonal food items, which has driven customer spending [5][6] - The company is pursuing new partnerships with brands like Champion and Warby Parker to attract customers and enhance its product offerings [6][7] Future Initiatives - The partnership with Champion will introduce an exclusive line of sportswear, while Warby Parker will have shop-in-shops and online offerings, with a broader rollout planned for 2025 [7][8] - These initiatives aim to entice shoppers with fresh merchandise and compete more effectively against rivals, although the impact may take time to materialize [8]

ToplineAfter the People’s Union called for consumers to halt all online shopping on Feb. 28 in an “Economic Blackout,” Target lost that day in website visitors compared with mid-February Friday traffic, while Costco powered through with a 22% uptick, according to exclusive data from website analytics platform Similarweb.On Feb. 28 blackout day, Target website visitors dropped 9% compared to Friday, Feb. 14, from 5.2 ... [+] million to 4.7 million. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket ...

Retail giant Target Corp (NYSE:TGT) will report fourth-quarter results before the open Tuesday, March 4. Wall Street anticipates earnings of $2.24 per share on revenue of $30.83 billion, lower than expectations and results from the same quarter last year, though comparable store sales are expected to rise. In recent notes ahead of the event, several analysts said the company will likely follow peers Walmart (WMT) and Home Depot (HD) in conservative current-quarter and full-year projections. At last glance, ...

Core Viewpoint - Target Corporation is expected to report a decline in fourth-quarter fiscal 2024 revenues and earnings, with a consensus estimate of $30.77 billion in revenues, reflecting a 3.6% year-over-year decrease, and earnings projected at $2.25 per share, indicating a 24.5% drop compared to the previous year [1][9]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is $30.77 billion, down 3.6% from the same period last year [1]. - Earnings per share are projected at $2.25, suggesting a 24.5% decline year-over-year [1]. - The consensus estimate for earnings has been revised upward by a couple of cents in the past 30 days [1]. Earnings Surprise and Predictions - Target has a trailing four-quarter average earnings surprise of 5%, but in the last reported quarter, it missed the Zacks Consensus Estimate by 19.2% [3]. - The company has an Earnings ESP of +2.18% and a Zacks Rank of 3, indicating a likelihood of an earnings beat [4][5]. Sales and Traffic Growth - Target's total sales for November and December increased by 2.8% year-over-year, with comparable sales growth of 2% [7]. - The company experienced a nearly 3% increase in traffic, driven by strong performances in-store and online [7]. - Discretionary categories, particularly apparel and toys, saw significant sales increases during the holiday period [8]. Operational Challenges - Target anticipates comparable sales growth of approximately 1.5% for the fourth quarter, an improvement from earlier forecasts of flat sales [9]. - Adjusted earnings per share are expected to range from $1.85 to $2.45, down from $2.98 reported in the previous year [9]. - Rising operational expenses are likely to impact profitability, with SG&A expenses expected to deleverage by 60 basis points as a percentage of total revenues [10]. Stock Performance and Valuation - Target's stock price has declined by 8.4% in the past month, contrasting with a 0.3% rise in the Zacks Retail–Discount Stores industry [11]. - The stock trades at a forward 12-month price-to-earnings ratio of 13.23, below its five-year median of 16.32 and the industry average of 33.05, indicating attractive valuation [12]. Growth Strategy - Target's growth strategy includes enhancing digital shopping experiences, investing in stores, and expanding same-day services, positioning the company for long-term success [13][16]. - The company is adapting to evolving consumer preferences, which strengthens its growth potential [16]. Overall Outlook - While Target has capitalized on the holiday season with strong sales growth, profitability concerns due to rising operational costs remain [17]. - An earnings beat is likely, but near-term challenges may overshadow recent sales strength, making the stock a cautious consideration for investors [17].

MINNEAPOLIS, March 3, 2025 /PRNewswire/ -- Target Corporation (NYSE:TGT) plans to release its fourth quarter and full-year 2024 financial results the morning of March 4. Later that morning the company will webcast its meeting with the financial community beginning at 9:00 a.m., Eastern time.At the meeting, members of Target's leadership team will discuss the Company's strategic and financial plans, and provide their perspective on the business environment and strategic opportunities in 2025 and beyond. Inve ...

StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t AuMarch 03, 2025 7:30 AM EST | Source: StrikePoint Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the conclusion of its first technical report on the Hercules Gold Project located in Nevada's prolific Walker Lane, including th ...

Group 1 - Target (NYSE: TGT) is currently viewed as an attractive investment opportunity in the retail market due to its relatively low share price compared to historical valuations and competitors [1] - The article suggests that Target's shares appear cheaper, indicating potential for growth and investment [1] Group 2 - The analysis emphasizes the importance of well-researched commentary and insights into various industries and asset classes, aiming to assist investors in navigating complex global markets [1]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]