Core Insights - Target Corporation reported a decline in both fourth-quarter and full-year earnings per share (EPS) for fiscal 2024, with fourth-quarter GAAP and Adjusted EPS at $2.41 compared to $2.98 in 2023, and full-year EPS at $8.86 compared to $8.94 in the prior year [2][10] Financial Performance - Fourth-quarter net sales were $30.9 billion, a decrease of 3.1% compared to the same quarter in 2023, which had an additional week of sales [6][30] - Full-year net sales decreased by 0.8% to $106.6 billion from $107.4 billion, with comparable sales showing a slight increase of 0.1% [7][10] - The company's total comparable sales increased by 1.5% in the fourth quarter, driven by an 8.7% increase in digital sales, while comparable store sales declined by 0.5% [6][10] Operating Results - Operating income for the fourth quarter was $1.5 billion, down 21.3% from $1.9 billion in 2023, resulting in an operating income margin of 4.7% compared to 5.8% in the previous year [6][8] - Full-year operating income was $5.6 billion, a decline of 2.5% from $5.7 billion in 2023, with a full-year gross margin rate of 28.2%, up from 27.5% in the prior year [9][10] Sales Metrics - The company experienced strong performance in categories such as Beauty, Apparel, Entertainment, Sporting Goods, and Toys, contributing to better-than-expected sales and profitability [3] - Digital comparable sales growth of 8.7% in the fourth quarter indicates a shift towards online shopping, with same-day delivery services growing over 25% compared to the previous year [10] Guidance and Expectations - For fiscal 2025, the company anticipates profit pressure in the first quarter due to consumer uncertainty and a decline in February net sales, but expects a moderation in trends as weather improves [4][5] - The company projects full-year net sales growth around 1% and GAAP and Adjusted EPS guidance between $8.80 and $9.80 [11][38] Capital Deployment - Target paid dividends of $513 million in the fourth quarter, reflecting a 1.8% increase in the dividend per share compared to the previous year [15] - The company repurchased $506 million of its shares in the fourth quarter, with approximately $8.7 billion remaining under the repurchase program [16] Return on Invested Capital - The after-tax return on invested capital (ROIC) for the trailing twelve months was 15.4%, down from 16.1% in the previous year, primarily due to lower profitability [17][44]

Core Viewpoint - Target is expected to report a decline in earnings for the fiscal fourth quarter, despite raising its sales forecast, indicating reliance on discounts which may pressure margins [1][2][4] Sales Performance - Target raised its comparable sales guidance in January due to steady traffic during the holiday shopping season, but maintained its profit guidance, suggesting reliance on deals and discounts [2][4] - The retailer has struggled with discretionary merchandise sales amid inflation and competition, while Walmart has seen strength in this category [3][4] Financial Outlook - Target's earnings per share are projected at $2.26, with revenue expected to be $30.8 billion [9] - The company cut its profit guidance in November after a significant earnings miss, attributing some issues to costs related to a port strike, but primarily due to weaker discretionary sales [4] Product Strategy - Target has found success with new, trendy merchandise, such as workout gear and seasonal food items, which has driven customer spending [5][6] - The company is pursuing new partnerships with brands like Champion and Warby Parker to attract customers and enhance its product offerings [6][7] Future Initiatives - The partnership with Champion will introduce an exclusive line of sportswear, while Warby Parker will have shop-in-shops and online offerings, with a broader rollout planned for 2025 [7][8] - These initiatives aim to entice shoppers with fresh merchandise and compete more effectively against rivals, although the impact may take time to materialize [8]

ToplineAfter the People’s Union called for consumers to halt all online shopping on Feb. 28 in an “Economic Blackout,” Target lost that day in website visitors compared with mid-February Friday traffic, while Costco powered through with a 22% uptick, according to exclusive data from website analytics platform Similarweb.On Feb. 28 blackout day, Target website visitors dropped 9% compared to Friday, Feb. 14, from 5.2 ... [+] million to 4.7 million. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket ...

Retail giant Target Corp (NYSE:TGT) will report fourth-quarter results before the open Tuesday, March 4. Wall Street anticipates earnings of $2.24 per share on revenue of $30.83 billion, lower than expectations and results from the same quarter last year, though comparable store sales are expected to rise. In recent notes ahead of the event, several analysts said the company will likely follow peers Walmart (WMT) and Home Depot (HD) in conservative current-quarter and full-year projections. At last glance, ...

Target Corporation (TGT) is set to release its fourth-quarter fiscal 2024 earnings on March 4 before the market opens.The Zacks Consensus Estimate for fourth-quarter revenues stands at $30.77 billion, indicating a 3.6% decline from the same period last year. Meanwhile, earnings are projected at $2.25 per share, suggesting a drop of 24.5% in year-over-year growth. The consensus estimate for earnings has been revised upward by a couple of cents in the past 30 days.See the Zacks Earnings Calendar to stay ahead ...

MINNEAPOLIS, March 3, 2025 /PRNewswire/ -- Target Corporation (NYSE:TGT) plans to release its fourth quarter and full-year 2024 financial results the morning of March 4. Later that morning the company will webcast its meeting with the financial community beginning at 9:00 a.m., Eastern time.At the meeting, members of Target's leadership team will discuss the Company's strategic and financial plans, and provide their perspective on the business environment and strategic opportunities in 2025 and beyond. Inve ...

StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t AuMarch 03, 2025 7:30 AM EST | Source: StrikePoint Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the conclusion of its first technical report on the Hercules Gold Project located in Nevada's prolific Walker Lane, including th ...

Group 1 - Target (NYSE: TGT) is currently viewed as an attractive investment opportunity in the retail market due to its relatively low share price compared to historical valuations and competitors [1] - The article suggests that Target's shares appear cheaper, indicating potential for growth and investment [1] Group 2 - The analysis emphasizes the importance of well-researched commentary and insights into various industries and asset classes, aiming to assist investors in navigating complex global markets [1]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Group 1 - Target's shareholders anticipate a share price volatility of 9% during the upcoming earnings call on March 4 [1] - Day traders are expected to monitor the stock closely to capitalize on these price movements [1] - The focus on long-term growth and dividend growth investing highlights the importance of profitability over low valuation [1] Group 2 - The emphasis is placed on margins, free cash flow stability and growth, and returns on invested capital as key metrics for evaluating stocks [1] - The research approach involves a continuous investigation into high-quality companies once identified [1]