Goal (TGT) K2 2025 Earnings

Target Beat the earnings and sales expectations of Wall Street and re-confirm your prospects on Wednesday, even as Sales of Company and Traffic in their stores and website rejected.

However, minneapolis based retail pointed to the future – and his focus on returning to grow – Appointment of your next executive director. Michael Fiddelke’s main operative officer, who also served as CFO goal, will enter the role in 1. February. He will succeed for General Brian Cornell, 66, which will become an executive chairman of the Board of Directors of the goals. Fiddelke is a 20-year-old target veteran.

The company’s shares have fell by more than 6% on Wednesday after the publication of the results and the Executive Director.

The call with reporters, Fiddelke, 49, described their two decades with the company as a “means”. He said he knows what a small-boxed seller could be at the best – and what must be said again – and not wait until February to make changes until February to make changes.

He passed three priorities: re-establishing the targeted reputation of the seller with stylish and unique objects, providing a more consistent user experience and more efficient use of technology to work efficiently business.

Behind the announcement of the General Manager, the target was rolling the expectations of Wall Street for sales and earnings during the fiscal second quarter. He repeated his entire forecast that reduced to May. The goal said that a low one-digit percentage of sales and adaptation earnings per share, excluding gains from litigation settlements, would be about $ 7 to $ 9.

Here’s what a goal was reported for a three-month period ended 2. August compared to Wall Street expectations, according to analysts by LSEG:

• Earnings per share: $ 2.05 vs. A $ 2.03 is expected
• Revenue: Expected $ 25.21 billion in relation to $ 24.93 billion

The annual sales of the goal in the last four years was roughly stood, and its inconsistent effect tested customer loyalty and shaken the trust of Wall Street. Keep traffic to retail on a large box, so it fell almost every week from the end of January, according to Placer.ai, the analytics that uses analytics from mobile devices to assess the total locations. And the company’s shares decreased about 60% of their own years in late 2021. years.

Customers and former employees said CNBC that aim They lost some unique traits It adjusted except competitors, such as its attractive goods, well-kept stores and careful customer service. Greater tariffs are complex target challenges because it imports about half of what is sold.

Also faced return from customers Its gathering pride and her refund Key initiatives of variety, capital and inclusion.

And last week, Ulta Beauty and the target posted that they were The end of the agreement that opened the mini bought beauty In almost a third of the goals stores. Partnership, which has also added Beauty Brands in Ulta on the goal’s website, will end in August 2026. years. The goal was talking about adding Ulta stores as a traffic driver and incentives in the beauty category.

Fiddelke told reporters that the company “always assesses our partnerships”. He said the goal was published annual sales growth in the beauty category, excluding Ulta beauty, every year from 2010. years and was only confident that it could continue.

The latest quarter of the goal has reflected its permanent struggles. His net income fell to $ 935 million, or $ 2.05 per share, of $ 1.19 billion, or $ 2.57 per share, in quarter quarter. The income was reduced from $ 25.45 billion in the previous year.

The comparable sales was reduced by 1.9% compared to one year. This metric, also known as the sale of the same store, includes sales on its site and stores opened at least 13 months.

Customer transactions have fell 1.3%, and the average amount of customers who spent during these transactions fell by 0.6% from pre-pre-quarter.

His profit margins under pressure on higher tags, cancellation costs for purchase orders and customers who buy more goods in lower gains such as hardline. Hardlines, a category that includes electronics and toys, tends to have lower margins from other parts of the store like clothes.

Digital sales was a bright point, 4.3% of the year during the year.

The goal is also set in the parts in the parts of its business that are outside retail sale. Its sale of Nemechandis increased 14.2% compared to the period from before commemorating income from his advertising of the business roll, its membership programs and its third party market.

Target Sales trends in retail are improved from the first quarter to the second quarter – although they are still negative, said Fordelke to journalists on call. He said the trends for sale in all six targeted categories of bullets compared to the previous quarter.

As the leader of the office acceleration, the unit target created in May to speed up his turn, Fiddelke said that the opportunity was to adhere to the closer business and where he sent it. For example, he said that retail lost land with household goods, and the category was known and that exploded in popularity during a pandemic. He said the goal is too focused on the “core” items and “lost a little of our leadership of fashion and design that is so important in such a category.”

But said Fiddelke, it has made progress, such as adding bedding and decor in the topic and decor in the pillow, the target brand for children ‘home goods for children.

“We need more about these examples across the category, but they give me a ton of confidence that we are on the right way there,” Fiddelke said.