Target Corporation (NYSE: TGT) reported its first quarter 2025 earnings results today.
Net sales of $23.8 billion were down 2.8% compared to the year-ago period.
Comparable sales decreased 3.8%, reflecting a comparable store sales decline of 5.7% and comparable digital sales growth of 4.7%.
Net earnings grew 10% to $1 billion while earnings per share rose 11.7% to $2.27 compared to last year. Adjusted EPS was $1.30.
Revenue and earnings missed expectations.
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For fiscal year 2025, the company now expects a low-single digit decline in sales, and GAAP EPS of $8.00-10.00. Adjusted EPS is expected to be approx. $7.00-9.00.
The earnings miss and the guidance cut caused the stock to drop 1% in premarket hours on Wednesday.
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