Story perspectives
Target Reports Q2 Sales Drop, CEO Promises Growth Strategy
8/20/2025
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Story summary
- Target Corporation's second-quarter 2025 net sales reached $25.2 billion, a 0.9% year-over-year decline.
- Adjusted earnings per share (EPS) were $2.05, falling short of expectations due to tariff pressures and competition.
- Incoming CEO Michael Fiddelke plans to enhance growth and customer experience amid a cautious sales outlook.
- The company forecasts a low-single-digit sales decline and adjusted EPS between $7.00 and $9.00 for 2025.
