Target sees near-term profit squeeze from tariffs, cautious spending
Target forecast full-year comparable sales below estimates on Tuesday after a discount-driven holiday quarter results beat, and said uncertainty around tariffs as well as consumer spending would weigh on first-quarter profits.
Target Warns That Tariffs and Consumer Uncertainty Will Hurt Profit
Target warned that its profit would come under pressure in the current quarter—and its sales could be flat this year—because of consumer uncertainty and escalating tariffs. The retailer’s sales in February fell year-over-year because of “declining consumer confidence” and cold weather,
Target’s stock reverses lower as tariff talk overshadows upbeat profit outlook
Target’s profit will be pressured in the first quarter due to tariff uncertainty and bad weather, but will then see improvement the rest of the year
Target warns Donald Trump’s tariffs could cut into profits
Target has warned that Donald Trump’s tariffs could cut into profits as it grapples with consumer fears over the state of the US economy and anger over its recent pullback from diversity goals. The big-box US retail chain said it expected “meaningful year-over-year profit pressure” in the first quarter that began on February 2,
Tariffs will dig into business profits, Target says
Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs.
Target Expects Consumer, Tariff Uncertainties to Impact Profit; Beats Fiscal Fourth-Quarter Estimates
Target (TGT) reported better-than-expected fiscal fourth-quarter results on Tuesday, but the retailer said it expects uncertainties related to consumer spending and tariffs to weigh on its profit in the ongoing three-month period.
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