Target reports first-quarter earnings before the bell. Here's what to expect

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The big-box retailer will be compared against the first quarter of last year, when the lockdowns disrupted consumers' shopping patterns and squeezed profits.

Target will face tough year-over-year comparisons, after its significant growth during the pandemic.

In the first quarter, however, the retailer faces more favorable comparisons because of how its profits were initially squeezed during lockdowns.Shoppers at a Target store in New York.Here's what Wall Street is expecting, according to Refinitiv consensus estimates:The big-box retailer saw significant growth during the pandemic, as shoppers turned to its stores for everything from groceries to workout clothes and picked up online orders in the parking lot.

Those results have raised expectations and set the company up for tough year-over-year comparisons. However, the momentum really got underway in the second quarter of 2020. That means Target will face more favorable comparisons in the first quarter. When lockdowns hit a year ago, Target customers . The company scrambled to adapt as consumers shopped online and bought more food and electronics as they worked from home.

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