India, May 21 -- Retail major Target Corp. (TGT), while reporting higher first-quarter profit but below market, on Wednesday trimmed its outlook for fiscal 2025 adjusted earnings and sales.
Separately, the company announced the establishment of a multi-year Enterprise acceleration office, led by Chief Operating Officer Michael Fiddelke, along with several leadership changes.
In pre-market activity on the NYSE, Target shares were losing around 4.2 percent to trade at $94.00.
Brian Cornell, chair and chief executive officer of Target, said, "While our sales fell short of our expectations, we saw several bright spots in the quarter, including healthy digital growth, led by a 36 percent increase in same-day delivery through Target Circle 360...