Target (NYSE:TGT) reported fiscal Q1 adjusted earnings of $2.05 per diluted share, down from $2.19 a year earlier.
Analysts polled by Capital IQ expected $1.76.
Revenue for the quarter ended April 29 was $25.32 billion, compared with $25.17 billion a year earlier.
Analysts surveyed by Capital IQ expected $25.28 billion.
For fiscal Q2, the retailer said it expects adjusted EPS of $1.30 to $1.70 and comparable sales to decline by low-single digits. Analysts surveyed by Capital IQ expect EPS of $1.93.
For fiscal 2023, the company said it maintained its outlook, including adjusted EPS of $7.75 to $8.75 and comparable sales in a wide range from a low-single digit decline to a low-single digit increase. Analysts polled by Capital IQ expect EPS of $8.47.