Aug. 19 at 10:47 AM
$TGT Target reports Q2 adjusted EPS
$4.11, consensus
$2.34
Reports Q2 revenue
$26.54B, consensus
$26.14B. Reports Q2 comparable sales up 3.8%. EPS included tariff refund benefits of
$1.65 for Q2. "Second quarter results build on the encouraging momentum we saw in the first quarter, giving us increasing confidence that our strategy is resonating with our guests and strengthening our leadership position in style, design, and value," said Michael Fiddelke, CEO of Target. "Over the past year, we've reduced prices on more than 10,000 frequently purchased items as part of our commitment to delivering outstanding value every day, while continuing to invest in newness, convenience, and an elevated shopping experience. While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline, staying agile in a dynamic operating environment, and investing in our team and capabilities to drive sustainable, profitable growth over the long term."
