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Stock impact report

Target expects tariffs to pressure profits in Q1 [Yahoo! Finance]

Warby Parker Inc. (WRBY) 
Company Research Source: Yahoo! Finance
Dive Brief: Target expects consumer and tariff uncertainties to pressure profits in Q1, the retailer said in its earnings announcement Tuesday. For the fourth quarter, the retailer reported net sales declined 3% year over year to $30.9 billion , while comparable sales rose 1.5%. Operating income fell 21% from the prior year to $1.5 billion and net income fell about 20% to $1.1 billion. Net sales for the full year fell nearly 1% to $106.6 billion from last year, while comps were essentially flat. Operating income for the year fell 2.5% to about $5.6 billion. The gross margin rate for the year was 28.2%, up from 27.5%, which the company attributed in part to product cost improvements and growth in advertising and marketplace revenues. Dive Insight: Although Target's Q4 performance met or beat analyst expectations, its full-year outlook reflects continued concerns driven by the reality of trade wars and softness in consumer spending. “Ultimately, we see Target in a difficult Show less Read more
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