Consumers enter a Goal retailer in Washington, DC, on February 17, 2022.
Nicholas Kamm | AFP | Getty Pictures
Target will report fourth quarter earnings earlier than the bell and maintain its first in-person investor day for the reason that begin of the pandemic on Tuesday.
The massive-box retailer is anticipated to get a lift from the vacation season, as People spent a record amount at retailers in November and December. It has gained market share and picked up new clients throughout the pandemic, as buyers turned to its shops and web site to get a variety of merchandise, from groceries to sweatpants, in a single transaction. Its e-commerce enterprise has grown loads over the previous two years, too, as buyers retrieved on-line orders with curbside pickup and obtained dwelling deliveries via Goal-owned Shipt.
Now, the corporate should present it could actually compete for customers’ money and time, as individuals juggle different spending priorities in a reopening world and really feel the sting of inflation.
Buyers will hear for Goal’s outlook and extra particulars on its technique on Tuesday at an occasion in New York Metropolis.
This is what analysts expect for the fiscal fourth quarter ended Jan. 29, in keeping with Refinitiv consensus estimates:
- Earnings per share: $2.86, anticipated
- Income: $31.39 billion anticipated
Goal’s shares have risen about 7% over the previous 12 months, as of Monday’s shut. Shares closed at $199.77 on Monday, up lower than 1%. The corporate’s market worth is $95.71 billion.
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