Shoppers enter a Target retailer in Washington, DC, on February 17, 2022.
Nicholas Kamm | AFP | Getty Images
Target will report fourth quarter earnings earlier than the bell and maintain its first in-person investor day because the begin of the pandemic on Tuesday.
The big-box retailer is anticipated to get a lift from the vacation season, as Americans spent a report quantity at retailers in November and December. It has gained market share and picked up new prospects throughout the pandemic, as buyers turned to its shops and web site to get a spread of merchandise, from groceries to sweatpants, in a single transaction. Its e-commerce business has grown quite a bit over the previous two years, too, as buyers retrieved on-line orders with curbside pickup and received dwelling deliveries by Target-owned Shipt.
Now, the company should present it may well compete for customers’ time and money, as individuals juggle different spending priorities in a reopening world and really feel the sting of inflation.
Investors will hear for Target’s outlook and extra particulars on its technique on Tuesday at an occasion in New York City.
Here’s what analysts predict for the fiscal fourth quarter ended Jan. 29, in keeping with Refinitiv consensus estimates:
- Earnings per share: $2.86, anticipated
- Revenue: $31.39 billion anticipated
Target’s shares have risen about 7% over the previous year, as of Monday’s shut. Shares closed at $199.77 on Monday, up lower than 1%. The company’s market worth is $95.71 billion.
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