Tgt target Q2 2025 profits

goal The Wall Street profits and sales were overpowered, and its expectations reaffirmed its expectations on Wednesday, even with the decrease in the company’s sales and traffic through its stores and its website.

However, the Menaabolis retail seller has pointed out to the future-and his focus on returning to growth-indicated- Naming the next CEO. The CEO of Operations, Michael Vidlek, who also held the position of Target’s financial manager, will play the role on February 1. The CEO of Brian Cornell, 66, who will become the CEO of Target Board of Directors. Fiddelke is an old targeted warrior for 20 years.

The shares of the company decreased by 9 % in early trading after the results and the CEO’s announcement.

On a call with correspondents, Fiddelke, 49 years old, describe two decades with the company as “one of the assets”. He said he knows what a large retailer might be at his best-and he should not be restored-and he does not wait until February for changes.

He has set three priorities: Target reputation as a retail dealer with elegant and unique elements, providing more consistent customer experience, and using technology more effectively to operate an effective company.

In addition to the CEO’s announcement, TARGET topped Wall Street’s expectations for sales and profits during the second financial quarter. She repeated her expectations for the whole year, which was reduced in May. Target said it expects a low percentage of two numbers in sales and amended profits per share, with the exception of gains from litigation settlements, will decrease by about $ 7 to $ 9.

Below, what is the goal that was reported during the three -month period that ended on August 2 compared to Wall Street’s expectations, according to the survey of analysts by LSEG:

• Arrow’s profits: $ 2.05 Opposite $ 2.03 expected
• profit: 25.21 billion dollars for 24.93 billion dollars expected

Target sales have almost stagnant over the past four years, and her unexplained performance has tested the loyalty of shoppers and shook Wall Street’s confidence. Big-Box Ptinner’s traffic has decreased almost every week since late January, according to PLACER.AI, an analysis company that uses unknown data from mobile devices to estimate the total visits of sites. The shares of the company decreased by about 60 % of its highest level ever in late 2021.

CNBC’s former clients and employees have told him I lost some unique features This distinguishes it from competitors, such as ready -to -live goods, well -reserved stores and vigilant customer service. The high definitions outperform the challenges of the target because it imports about half of what it sells.

He also faced a violent reaction from shoppers The pride group and To retreat Of the main diversity, stock and inclusive initiatives.

Last week, Ulta Beauty and Target announced that they are Ending a deal that opened small beauty stores In nearly a third of the target stores. The partnership, which also added ULTA beauty signs to Target, will end in August 2026. Target talked about the addition of Ulta stores as a traffic driver and support for the beauty category.

Fiddelke told the correspondents that the company “always evaluates our partnerships.” He said that Target has recorded annual growth in sales in the beauty category, with the exception of Ulta Beauty elements, every year since 2010, and is confident that it could continue.

The last quarter of the goal reflects its ongoing struggles. His net income decreased to $ 935 million, 2.05 dollars per share, from $ 1.19 billion, or $ 2.57 per share Quarter of last year. Revenue fell from $ 25.45 billion in the previous year.

Similar sales decreased by 1.9 % on an annual basis. This scale, also known as the same store sales, includes sales on its website and opens at least 13 months stores.

Customer transactions decreased by 1.3 % and the average amount that customers spent during these transactions decreased by 0.6 % from the year.

Its profit margins were pressed by high contraction rates, the costs of canceling the purchase orders and customers who buy more goods in low -profit categories such as solid lines. Solid lines, a category that includes electronics and games, tends to have less margins than other parts of the store such as clothes.

Digital sales were a bright point, as it increased by 4.3 % on an annual basis.

TARGET has also published gains in parts of her work out of retail. Its sales have grown 14.2 % compared to the past period, as more revenues from Roundel have achieved its advertising work, its membership and third market programs.

the goal Fiddelke told reporters although retail trends improved from the first quarter to the second quarter – although they are still negative, “Fiddelke told reporters although retail trends improved from the first quarter to the second quarter – although they are still negative. He said that sales trends are in all the six major goods that have improved from the previous quarter.

As the leader of the Foundation’s acceleration office, the goal of a unit was created in May to accelerate its transformation, Fiddelke said that he had a chance to take a closer look at the work and where it was without performance. For example, he said that the retail seller lost the ground with household commodities, a category that was famous for which exploded in popularity during the roaming epidemic. He said that Target has focused a lot on the “basic” elements and “some leadership leadership and design that are very important in such a category.”

However, Fiddelke said, it has made some progress, such as adding bedding and decoration titled Marvel to Pilowfort, the brand of Target for Kids.

“Now, we need more of these examples across the category, but they give me a lot of confidence that we are on the right path there,” said Vidlake.