Reported about 4 hours ago
Target's fourth-quarter profits and sales showed resilience despite a dip in consumer spending and increased tariffs impacting its future outlook. The retailer reported net income of $1.1 billion, exceeding Wall Street's expectations, although revenue declined to $30.91 billion. Looking ahead, Target anticipates flat sales in 2025 and has warned of continued challenges due to both rising costs and changing consumer behaviors.
Source: YAHOO