(TGT) target earnings for the fourth quarter of 2025

goal The company plans to report its quarterly earnings and share its outlook for next year on Tuesday morning, as the new CEO outlines his strategy and tries to convince Wall Street that the big-box retailer can end its sales decline.

The Minneapolis-based discounter will hold an investor meeting at its headquarters, led by CEO Michael Fedelke, a company veteran who took over in February, as well as other Target executives.

Here’s what Wall Street expects for the big box retailer’s fiscal fourth quarter, based on a survey of analysts conducted by LSEG:

• Earnings per share: $2.15 expected
• profit: $30.48 billion expected

These results would come in just shy of what Target reported in the same period last year. The company recently reiterated its fourth-quarter outlook, saying it expects sales to decline by a low-single-digit percentage, and expects its full-fiscal 2025 forecast for adjusted earnings per share to be between $7 and $8. In the previous fiscal year, Target reported adjusted earnings per share of $8.86.

Target is trying to turn around several years of disappointing results driven by a combination of company missteps and economic factors. Its annual sales have remained roughly flat for four years, after a big jump in annual revenue during the Covid pandemic.

Customer traffic through the company’s stores and website has declined for three straight quarters, and the average amount people spend during those visits has declined as well. Target cut 1,800 corporate jobs in October, marking its first major layoffs in a decade.

Some Target customers told CNBC they are shopping elsewhere after noticing changes such as sloppy stores and lackluster merchandise, or taking issue with the company’s social stances, such as its rollback of key diversity, equity and inclusion initiatives. The company acknowledged that the backlash over the DEI decision had hurt sales and led to market share losses to competitors.

Target is known for selling clothing, home goods, seasonal items, and other trend-driven discretionary merchandise that customers often buy on impulse when browsing the aisles in the Target run. However, rising prices for food, utilities and other necessities, fueled by inflation and tariffs, have dampened American consumers’ willingness to purchase items not on their shopping list.

Target’s results were inconsistent with those of retail competitors such as Walmart, Costco and TG Maxwhich posted stronger sales results, attracted cross-traffic shoppers, and saw growth in categories like apparel and home goods, areas where Target struggled.

In an interview with CNBC in the fall at Target’s headquarters, Fiddelke said he would prioritize restoring the company’s reputation for style and design, improving the customer experience, and using technology to boost its performance.

He echoed these key goals in letters to company employees and comments to investors.

Last month, Target announced it would invest more in store workers and eliminate about 500 more jobs in distribution centers and regional offices. However, the company declined to disclose more money it will spend.

Target shares were down about 32% over the past three years, as of Monday’s close, though they were up about 16% so far this year. The company’s shares closed on Monday at $113.17, bringing its market capitalization to $51.24 billion.