Target sales fall sharply in 1st quarter and retailer warns they will slip for all of 2025
Sales at Target fell more than expected in the first quarter and the retailer warned they will slip this year as consumers, worried over the impact of tariffs, pull back on spending. Target said Wednesday that it now expects a low-single digit decline in sales for 2025, and earnings per share, which excludes the gains from the litigation settlements in the first quarter, to be anywhere from $7 to $9. For the year, analysts expect earnings per share of $8.34 on sales of $106.7 billion.
Associated Press Finance
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37 minutes ago
