Target Beats on Q4 Earnings, Issues Cautious View on Tariff Concerns

Target Corporation (TGT) reported fourth-quarter fiscal 2024 results, with the top and bottom lines surpassing the Zacks Consensus Estimate. Comparable sales growth also accelerated from the preceding quarter. Better-than-expected results were driven by a stellar performance in beauty, apparel, entertainment, sporting goods and toys. However, the Minneapolis-based retailer issued a cautious first-quarter fiscal 2025 view. Target anticipates significant year-over-year profit pressure in the first quarter com ...