A Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory.
Joe Raedle | Getty Images
Target on Tuesday will report holiday-quarter results, as retailers brace for a year that appears poised to bring slower sales and more price-conscious customers.
Here’s what analysts are expecting for Target’s fiscal fourth quarter, according to consensus estimates from Refinitiv:
- Adjusted earnings per share: $1.40 expected
- Revenue: $30.7 billion expected
The big-box retailer, known for selling lower-priced, but fashion-forward…