Target Corporation (NYSE:TGT) traded higher in early trading on Tuesday after sliding past consensus expectations for the holiday quarter. Full-year guidance from Target (NYSE:TGT) was solid even though the company said it expects to see meaningful year-over-year profit pressure in its first quarter relative to the remainder of the year due to

Target’s profit will be pressured in the first quarter due to tariff uncertainty and bad weather, but will then see improvement the rest of the year

Strong holiday demand for discretionary items helped Target barrel past fourth-quarter earnings expectations. But uncertainty over consumer demand and tariffs will weigh on the current quarter’s performance,

Target Corp. posted better-than-expected fourth quarter earnings Tuesday, but warned customers that price increases from tariffs put in place by President Donald Trump will likely arrive within the coming days.

Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs.