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Target (TGT) Q4 2025 earnings
Sign at the entrance to a Target store in Venice, Florida.
Erik Mcgregor | Lightrocket | Getty Images
Target plans to report its holiday-quarter earnings and share its expectations for the year ahead on Tuesday morning, as its new CEO lays out his strategy and tries to persuade Wall Street that the big-box retailer can end its sales slump.
The Minneapolis-based discounter will hold an investor meeting at its headquarters, led by CEO Michael Fiddelke, the company veteran who stepped into the job in February, as well as other Target executives.
Here’s what Wall Street is expecting for the big-box retailer’s fiscal fourth quarter, based on a survey of analysts by LSEG:
- Earnings per share: $2.15 expected
- Revenue: $30.48 billion expected
Those results would come in shy of what Target reported in the year-ago period. The company recently affirmed its outlook for the fourth quarter, saying it expects sales to decline by a low single-digit percentage, and it anticipates its full fiscal 2025 forecast for adjusted earnings per share will range 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 mix of company missteps and economic factors. Its annual sales have been roughly flat for four years, after a significant jump in annual revenue during the Covid pandemic.
Customer traffic across the company’s stores and website has fallen for three consecutive quarters and the average amount people are spending during those visits has declined, too. Target cut 1,800 corporate jobs in October, marking its first major layoff in a decade.
Some of Target’s customers told CNBC they are shopping elsewhere after noticing changes like sloppier stores and lackluster merchandise, or objecting to the company’s social stances, like its rollback of major diversity, equity, inclusion initiatives. The company acknowledged backlash to its 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 on a “Target run.” Yet higher prices of food, utilities and other necessities, fueled by inflation and tariffs, has dampened U.S. consumers’ willingness to buy items that aren’t on the shopping list.
Target’s results have been at odds with those of retail rivals like Walmart, Costco and T.J. Maxx, which have posted stronger sales results, attracted shoppers across incomes, and seen growth in categories like apparel and home goods, areas where Target has struggled.
In an interview with CNBC in the fall at Target’s headquarters, Fiddelke said he would prioritize regaining the company’s reputation for style and design, improving the customer experience, and using technology to boost its performance.
He has echoed those key goals in messages to the company’s employees and comments to investors.
Last month, Target announced it would invest more in store labor and cut about 500 other roles at distribution centers and regional offices. However, the company declined to say much more it would spend.
Target shares have dropped by nearly 32% over the past three years, as of Monday’s close, though they have risen nearly 16% so far this year. The company’s stock closed on Monday at $113.17, bringing its market cap to $51.24 billion.
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How small businesses could save thousands on fuel as gas prices rise: expert
President Donald Trump sits down with FOX Business’ Maria Bartiromo to discuss escalating Middle East tensions, his warning to Iran on nuclear weapons and why he believes gas prices will drop ahead of the midterms.
High gas prices continue to squeeze small businesses across the U.S., but cutting one costly habit could help owners save significantly.
New data from Ford Pro, the commercial vehicle division of Ford Motor Company, shows that unnecessary idling — leaving a car running while parked — can cost fleet operators thousands of dollars each year, cutting directly into margins at a time when fuel prices remain high.
According to the U.S. Department of Energy, the average fleet vehicle idles between one and two hours per day, burning up to two gallons of fuel daily per vehicle. With gas prices rising, those costs can add up quickly.
As of Sunday, the national average price for unleaded gas stood at $4.04, up from $3.88 just a month ago, according to AAA.
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Ford Motor Co. F-150 pickup trucks are displayed at a car dealership in Orland Park, Illinois, on Sept. 27, 2019. (Daniel Acker/Bloomberg via Getty Images / Getty Images)
“You can burn up one to two gallons of gas just doing that,” Matt Krukin, who leads software and digital growth for Ford Pro, told FOX Business. “So if that happens per day… that’s $8 a day that’s idling.”
For businesses operating multiple vehicles, the impact can be substantial. A 20-vehicle fleet idling for two hours a day could waste more than $160 in fuel every day, according to Ford Pro.
Excessive idling is particularly common in North America, where about 29% of fleet vehicles idle unnecessarily, compared to just 10% in Europe, Krukin noted.
To help address the issue, Ford Pro is investing in software and data-driven tools.
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A person pumps gas into a car. (Sean Gallup/Getty Images / Getty Images)
Its newly launched artificial intelligence (AI) assistant allows fleet managers to monitor vehicle behavior in real time, identify inefficiencies and coach drivers to adopt more fuel-efficient habits.
Ford Pro says customers using these tools have seen measurable improvements, including a 52% reduction in idling.
While reducing idling is one of the simplest ways to cut costs, other driving behaviors — such as aggressive acceleration, rapid braking, and speeding — can also increase fuel consumption and wear on vehicles, according to Krukin.
The system can even limit acceleration, while in-cab alerts provide real-time feedback.
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Cars are seen driving on the highway. (Jonas Walzberg/picture alliance via Getty Images / Getty Images)
“It’s like the fleet manager’s right next to them to coach them along the way,” Krukin said.
Users have also seen a 25% drop in speeding, a 16% decrease in hard braking and an 11% reduction in harsh acceleration, according to Ford Pro.
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“We’re not just recommending solutions for the heck of it,” Krukin said. “… At the end of the day, it’s really about bringing it all together, so that these fleets actually get a pleasurable experience with the tools and technology coming together.”
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World Bank Highlights AI Boom as a Bright Spot Amid Slowing Growth in East Asia and the Pacific
Growth across East Asia and the Pacific is losing momentum this year, weighed down by an energy shock, rising trade barriers, and persistent domestic vulnerabilities, but a surge in artificial intelligence-related trade and investment is offering a rare point of optimism, according to the World Bank’s latest regional economic report.
Key takeaways
- AI-related exports and investment surged across East Asia and the Pacific in 2025, with Malaysia, Thailand, and Viet Nam leading the way.
- Regional growth is forecast to slow to 4.2% in 2026, pressured by the Middle East energy shock, trade barriers, and weak domestic demand.
- Closing gaps in connectivity and skills is essential for the region to fully capture the productivity benefits of AI.
Regional growth is projected to slow to 4.2% in 2026, down from 5.0% in 2025, as the energy shock stemming from the Middle East conflict compounds the adverse impact of elevated trade barriers, global policy uncertainty, and domestic economic difficulties.
China, the region’s largest economy, is expected to decelerate from 5.0% growth in 2025 to 4.2% in 2026 and 4.3% in 2027, as weak domestic demand and property sector challenges persist and the global slowdown weighs on exports. The rest of the region is forecast to slow to 4.1% in 2026 before rebounding to 5.0% in 2027 as geopolitical tensions ease.
Against that difficult backdrop, the World Bank’s East Asia and Pacific Economic Update: Industrial Policy in the Digital Age identifies AI as a meaningful bright spot. The report highlights surging AI-related exports and investment in 2025, particularly in Malaysia, Thailand, and Viet Nam, as a notable positive development for the region.
Yet the Bank cautions that the full benefits of AI remain out of reach for much of the region. Adoption is constrained by gaps in connectivity and skills, with only 13 to 17% of multinational subsidiaries in China and Thailand currently using AI, roughly one third of the proportion seen in industrialised countries.
The report also examines how rising energy costs could deepen hardship for ordinary households. A sustained 50% increase in fuel prices could result in a 3 to 4% loss in income for households across the region, with the poor and small and medium enterprises identified as the most vulnerable.
On a longer-term strategy, the update argues that industrial policy, if carefully designed, can help unlock productivity gains. Targeted support for specific industries in the Republic of Korea, Malaysia, and, more recently, Viet Nam proved effective in part because those countries had strengthened their economic foundations, including infrastructure, education, and regulatory institutions, and had liberalised trade and investment. The Bank warns that similar efforts elsewhere have delivered weaker results where those foundations remain fragile.
World Bank Vice President for East Asia and the Pacific Carlos Felipe Jaramillo noted that while the region continues to outperform much of the world, sustaining growth will require confronting structural challenges and seizing the opportunities of the digital age to increase productivity and create more jobs.
World Bank Group Director of Research Aaditya Mattoo cautioned that present difficulties could increase economic distress and inhibit productivity growth, adding that measured support for people and firms could preserve jobs today while reviving stalled structural reforms could unleash growth tomorrow.
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