TGT reports 20% adjusted EPS growth, raises full-year guidance to $9.90-$10.90 after one-time $1 billion tariff refund boosts results.
Target reported second-quarter earnings that exceeded estimates, driven by a nearly $1 billion tariff refund. Without the refund, adjusted earnings per share still rose 20% year over year to $26.5 billion in revenue, a 5.3% increase. Digital sales grew 8.7%, reinforcing the retailer’s turnaround momentum.
The company raised its full-year EPS guidance to a range of $9.90 to $10.90, up from prior expectations. This marks the second consecutive quarter of strong earnings, following a period of reputational challenges and boycotts. Target’s stock has climbed 65% year to date as of August 19.
Investors are now eyeing the back-to-school and holiday seasons, where continued digital growth could further solidify the retailer’s recovery. The results suggest Target’s efforts to regain shopper trust are gaining traction.