Target cuts sales forecast
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ToplineTarget on Wednesday lowered its full-year forecast for sales in 2025, as executives said consumers have spent less amid unpredictability surrounding tariffs, the latest company to flag concerns and cut projections,
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
Wall Street retreats as Target reports falling sales and issues tepid forecast due to tariff worries
Wall Street futures headed lower after a major U.S. retailer blamed its grim forecast on tariff concerns and oil prices rose.
Target cut its annual sales projections Wednesday. The company now expects a low-single digit decline for 2025 after projecting a 1% increase for sales in March. It also forecast annual per-share earnings of $7 to $9, excluding gains from legal settlements this year.