On May 21st, Target reported disappointing Q1 2025 results, with comp sales down 3.8% and net sales down 2.8% to $23.8B, driven by softness in both traffic and basket across categories. Management acknowledged the challenging macro environment and lowered near-term expectations, stating topline pressure will likely persist throughout the year which may put downward pressure on profitability.
Download Harvest Group’s full earnings recap with unique takeaways for suppliers here:
