Target Misses on Q1 Earnings Estimates, Slashes FY25 Outlook

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 ...