Analysts anticipate Target’s fiscal second-quarter results amid efforts to revive growth and regain core customer spending.
Target is set to release fiscal second-quarter earnings Wednesday, with Wall Street expecting $2.33 per share and $26.14 billion in revenue. The report follows a quarter of positive same-store sales growth, the first in five quarters, and an upward revision to full-year revenue guidance.
The retailer has struggled with stagnant annual revenue for four years but saw a 5.6% jump in same-store sales last quarter. Executives remain cautious, citing macroeconomic pressures and ongoing adjustments to inventory and product strategies. Baby and kids categories led performance in the prior quarter.
Investor sentiment remains mixed, with analysts awaiting further evidence of sustained growth before committing to a bullish outlook.