Target (TGT) posted better-than-expected fourth-quarter results, although it warned that the uncertainty around tariffs would weigh on current-quarter results.

The company reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.41 on revenue that declined 3% year-over-year to $30.92 billion. Analysts polled by Visible Alpha 澳洲幸运5官方开奖结果体彩网:expected $2.26 and $30.77 billion, respectively.

Target's 澳洲幸运5官方开奖结果体彩网:comparable sales rose 1.5%, above projections of 1.39% growth. In January, the company 澳洲幸运5官方开奖结♏果体彩网:lifted its comparable sales projection to 1.5% growth from "approximately flat" following Q3 on the back of a stronger-than-expected holiday shopping season.

Target shares are falling 5% in intraday trading Tuesday and have lost more than a fifth ofꦏ their value in the paꦓst 12 months.

Target Expects Q1 'Profit Pressure'

"In light of ongoing consumer uncertainty and a small decline in February Net Sales, combined with tariff uncertainty and the expected timing of certain costs within the fiscal year, the Company expects to see meaningful year-over-year profit pressure in its first quarter relative to the remainder of the year," Target said.

President Donald Trump's 25% tariffs on Canada and Mexico, and the doubling of 10% levies on goods from China, 澳洲幸运5官方开奖结果体彩网:took effect Tuesday.

For the full year, Target sees net sales growth "in a range around 1 percent," comparable sales growth "in a range around flat," and adjusted EPS between $8.80 and $9.80. Analysts were looking for sales growth of 2.66%, comparable sales growth of 1.81%, and adjusted EPS of $9.30.

CFO Lee Says Falling Consumer Confidence Hurt Discretiona💎ry Spend

Chief Financial Officer Jim Lee said the "topline performance" in February was "soft, as uncharacteristically cold weather across the U.S. affected apparel sales, and declining consumer confidence impacted our discretionary assortment overall."

He added that he expects "to see a moderation in this trend as apparel sales respond to warmer weather around the country, and consumers turn to Target for upcoming seasonal moments such as the Easter holiday. "

UPDATE—March 4, 2025: This article has been updated to include refreshed share prices and comments from CFO Jim Lee.