Target company reported a first-quarter profit fell by 26%, in cool temperature and financial pressure limited consumer preference of customers.
The company is headquartered in Minneapolis, also cut its full-year earnings outlook.
Goal, said it earned $49.8 billion, or 77 cents a share, for the three months ended on May 4. Compared with $6.97 million, or a 1. 4 dollars, and in the same period last year.
Sales rose 1%, to $16.71 billion.
Open at least a year store revenues fell by 0.6%. Important measures of retail performance, think this is because it stores spun off, open or close to a year.
Analysts had forecast of 95 cents a share, on revenue of $16.82 billion in profit.
Of the target company shares fell nearly 2% in pre-market trading, to $69.98.



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