US’ Target’s Q1 FY25 sales dip 2.8%, digital growth eases store slump
Target Corporation has posted net sales of $23.8 billion in Q1 FY25, down 2.8 per cent YoY, with merchandise sales falling 3.1 per cent. Digital comparable sales rose 4.7 per cent, driven by strong same-day delivery growth. Operating income rose 13.6 per cent to $1.5 billion. GAAP EPS reached $2.27. Target anticipates a low-single digit sales decline and adjusted EPS of $7 to $9 for FY25.
Target Corporation has posted net sales of $23.8 billion in Q1 FY25, down 2.8 per cent YoY, with merchandise sales falling 3.1 per cent.
Digital comparable sales rose 4.7 per cent, driven by strong same-day delivery growth.
Operating income rose 13.6 per cent to $1.5 billion.
GAAP EPS reached $2.27.
Target anticipates a low-single digit sales decline and adjusted EPS of $7 to $9 for FY25.
