Target Stock Slips As Q1 Earnings Miss Estimates, FY2025 Outlook Cut Amid Slowing Sales

Target's Q1 adjusted EPS came in at $1.30, falling short of the $1.64 estimate, with sales down 2.8% year over year. Comparable store sales dropped 5.7% while digital sales rose 4.7%, driven by strong growth in same-day delivery services.