Target (TGT) profit Q1 2025

goal On Wednesday, the expectations of the entire year were reduced, as executive officials said the estimated spending was weaker, Consumer uncertainty on Definitions and backlash The company retracts the main efforts of diversity, shares and integration in its business.

The first -quarter sales of Wall Street were absent and decreased by 3 % compared to the past period. Transactions via Target stores and web site declined by 2.4 %. And the average amount Customers who spend during their online visits and the store decreased by 1.4 %.

It reflects the performance of the weak goal in the quarter of the company Struggle To return to growth and restore the cheap, and the fans that followed it gave it the name “Tarzhay”. The company is trying to enhance loyalty and confidence Among the shoppers and investors with the continued decline in sales, and after their shares decreased by more than 37 % last year, from the closure of Tuesday.

Based on a call with the correspondents, CEO Brian Cornell suspended many of the problems of the retail seller on the economy. However, he said that the goal is committed to a better job.

He pointed to statistics that were shared on the goal of the call: Among the 35 category of goods that the company follows internally, the company gained the market share or its contract in only 15 – a reflection of the sales it loses for retailers.

“We are not happy with that,” said Cornell. “We must grow (market) in 60, 70, 80 % of those groups. This is our focus on the balance of the year, and we will do so by making sure to provide a great shopping environment.”

Target said that it is now expected to decrease in low -sales numbers in this fiscal year, compared to previous expectations for net sales growth of about 1 %. She said that she expects the profits amending one share, with the exception of the gains from litigation settlements, will be about 7 dollars to 9 dollars, compared to between 8.80 dollars to 9.80 dollars that I expected previously.

TARGET has also announced some driving disposal and the creation of a new office aimed at circumventing Its results. Michael Vidlek, chief operational official, will supervise the new effort, called the Foundation’s acceleration office, which will search for ways to simplify the company’s operations, use technology in new ways and accelerate target growth.

She said in a press statement that Amy To, the chief official of compliance and compliance, and Cristina Henningon, the head of the strategy and growth, was leaving the company. Hennington, who was a major introduction In some of the company’s profits calls, industry circuits were widely seen to be a candidate to succeed Cornell as CEO.

Here is what the retail seller, who is based in Minneapolis, told him for the first financial quarter compared to Wall Street estimates, according to the survey of analysts by LSEG:

• Arrow profits: $ 1.30 has been seized, it is not clear whether the number is compared to an expected $ 1.61 analyst
• profit: 23.85 billion dollars for $ 24.27 billion expected

In the three -month period that ended on May 3, the net income of the target increased to $ 1.04 billion or $ 2.27 per share, from 942 million dollars, or $ 2.03 per share, in, in The period of time in the year.

Similar sales decreased by 3.8 % in this quarter compared to the time period, as similar store sales decreased by 5.7 % and digital sales grew by 4.7 %.

The target shares fell more than 3 % in the pre -market trade Wednesday.

The definitions only added to a difficult set of problems to the goal. The annual revenue of the discount was almost flat for four years in a row. The sales were weaker in many estimated categories that the retailer was famous, such as home decor, as consumers are selective and warned about spending. The company faced a violent reaction from shoppers – and pressure from activists, including the priest Al -Sharbaton – to decline the main parts of its diversity, fair and integration program.

Cornell told reporters that the goal was less as it was hoping to be in the first financial quarter. However, he referred to some luminous points, including a 36 % jump in delivery operations on the same day through the membership program, Circle 360, and the popularity of the Limited Clothing and Extension Collection with the Mamluged Kate Spade brand.

During the first quarter, Target gained the market share in some categories, said the chief commercial official Rick Gomez told reporters in a call. Those covered drinks, flowers and product. It also witnessed sales of women’s swimwear, small clothes and high traffic around seasonal events, including Valentine’s Day and Easter.

Target profits follow updates from other retailers, including Walmart and Home Depot. Both retailers confirmed the adults on confirming their expectations throughout the year when they were informed Chamber profits. However, the two companies diverged with how they managed Time costs of definitions. Wall Mart warned against that You will have to raise prices Customers later this month due to duties. On the other hand, Home Depot said he is not planning to raise prices.

Gomez said the goal would increase prices on some elements to help cover the tariff costs. He said that the company is also trying to reduce the impact of duties by negotiating with the sellers, re -evaluating the goods it sells, and changing the country that produces and controlling the timing of requests.

Although he was repeatedly pressured by correspondents, Cornell has not provided details about the company’s plans to increase tariff prices or answer whether the retail seller has raised prices since early March due to duties.

“We constantly make prices adjust,” he said. “Some rise, some will be reduced, but this is a continuous effort that happens every day.”

In an interview in early March, Cornell said it Customers expected to see higher prices For strawberries, avocado and bananas in the coming days due to an expected tariff of 25 % on Mexico and Canada. Since then, the United States has given many of these countries of these countries of the fees, but imports from China – a major production center – are now 30 % duty.

Gomez said that about half of the goal he currently sells is from the United States. Over the past few years, he said that the retail seller has tried to transfer the production of their own commercial brands to different countries outside China.

He said that Target had moved from about 60 % of China in 2017 to about 30 % today, and the company plans to reduce this to 25 % by the end of next year.

Financial director Jim Lee said in a call with correspondents that cost pressure will continue in the second quarter, but the goal is expected to reduce in the back half of the year. He said that Target had some high costs in the first quarter related to the inventory reduction, as is the case through discounts, due to the slowdown demand.

Gomez said that despite the costs of customs tariffs, low -priced elements have been prioritized for the goal. In the front part of the company’s stores, it has an area where it sells inexpensive seasonal elements for one dollar, 3 dollars and 5 dollars. Gomez said that the goal is committed to maintaining the same prices in this part of the store and plans to add mini -cosmetic products, food elements and modern drinks.