Target Corp. is projecting little to no sales growth this year, a concerning sign for a big-box retailer that’s struggling to shake off a lengthy slump.

During Q4, Target saw total comparable sales increase 1.5%, with comparable-store sales declining 0.5% and comparable digital sales increasing 8.7%. Net sales totaled $30.9 billion, a 3.1% decrease from Q4 in 2023, which included an additional week. Operating income for the quarter was $1.5 billion, a decrease of 21.3% from $1.9 billion in 2023.

Target, like many other retailers this earnings season, chose to strike a cautious tone for its full-year guidance. For the fiscal year ending January 2026, Target sees net sales

Target’s weak first-quarter guidance added to concerns about consumer health after weak January spending numbers and a slide in consumer confidence.