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Target (TGT)
NYSE:TGT
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.78Last Year’s EPS
2.03Same Quarter Last Year
Moderate Buy
Based on 28 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -10.28%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, such as record guest trips, strong digital sales growth, and a robust expansion in the Target Plus marketplace. However, it also acknowledged challenges including sales declines in February, tariff uncertainties, and inventory management issues. Despite these challenges, the company expressed confidence in its strategic investments and growth prospects.Company Guidance
In the 2025 Financial Community Meeting, Target provided guidance for its fiscal year 2024, focusing on its ambition to drive significant growth over the next five years. The company plans to invest $4 billion to $5 billion this year in stores, supply chain, and technology, aiming to boost guest engagement and sustain its unique position in retail. Target aspires to achieve more than $15 billion in revenue growth by maintaining or increasing its market share across its categories, driven by a strategy that blends physical, digital, and social experiences. The company also highlighted its progress in enhancing its Target Plus marketplace, which it expects to grow to $5 billion in gross merchandise value over the next five years. Additionally, Target plans to capitalize on its loyalty program, Target Circle, which added 13 million members last year, and its media business, Roundel, which generated nearly $2 billion in value. Despite current challenges, such as a sales decline in February due to economic uncertainty, Target remains focused on its long-term strategy, expecting to deliver low to mid-single-digit topline growth and mid to high single-digit annual EPS growth over several years.Record-Breaking Guest Trips
Target saw 350 million more guest trips compared to 2019, indicating strong customer engagement and loyalty.
Significant Growth in Beauty Sales
Target's Beauty segment saw nearly 7% sales growth and gained market share, highlighting effective category management.
Expansion of Target Plus Marketplace
Target Plus marketplace reached over $1 billion in GMV and is expected to grow to $5 billion in the next 5 years, indicating strong growth potential.
Strong Digital Sales Performance
Target's digital business grew nearly 9% in Q4, powered by innovations like Drive Up and same-day delivery.
Growing Target Circle Membership
Target Circle membership increased significantly, attracting 13 million new members, enhancing customer loyalty and engagement.
Positive Trends in Apparel and Home
Apparel comp sales were up by more than 3% in Q4, and improvements were noted in Home category performance.
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TGT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $120.76 | $117.14 | -3.00% |
| Nov 20, 2024 | $153.57 | $120.69 | -21.41% |
| Aug 21, 2024 | $140.98 | $156.77 | +11.20% |
| May 22, 2024 | $152.16 | $139.94 | -8.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Target (TGT) report earnings?
Target (TGT) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Target (TGT) earnings time?
Target (TGT) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGT EPS forecast?
TGT EPS forecast for the fiscal quarter 2025 (Q1) is 1.78.
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