U.S. discount retailer Target (TGT) has reported mixed financial results for the final quarter of 2025 as the company’s multi-year turnaround strategy continues.
The Minneapolis, Minnesota-based company announced earnings per share (EPS) of $2.44 U.S., which topped the $2.16 U.S. expected among analysts.
But revenue in the period totaled $30.45 billion U.S., which was below the $30.48 billion U.S. forecast on Wall Street. Sales were down 1.5% from a year earlier.
Target also posted declining customer traffic at its stores during the fourth quarter of 2025. Customer traffic at the company’s stores and website has fallen for four consecutive quarters.
Looking ahead, Target forecast full-year earnings per share of $7.50 U.S. to $8.50 U.S.
Target also expects full-year sales to rise about 2% compared with the previous year and anticipates that metric will grow in every quarter of 2026.
The discount retailer is in the middle of a turnaround plan that has been ongoing for several years.
Management is trying to end years of disappointing results driven by a series of company missteps and economic factors. Target’s sales have been flat for the past four years.
Last October, Target announced it was cutting 1,800 corporate jobs, its first major layoffs in more than a decade.
TGT stock has declined 34% in the last five years to trade at $113.17 U.S. a share.
