Target’s fiscal Q2 earnings doubled to $4.11 per share, exceeding estimates, while revenue and same-store sales rose, prompting raised guidance.
Target reported fiscal second-quarter earnings of $4.11 per share, more than doubling year-ago levels and surpassing analyst expectations. Revenue and same-store sales also grew, leading the retailer to raise its full-year guidance amid tariff refund benefits.
The results topped consensus estimates, with prior-year earnings at $2.05 per share. Comparable sales increased, reflecting strong consumer demand and operational improvements. Despite the upbeat report, Target’s stock fell in premarket trading.
Dow Jones futures declined alongside losses in AI-related stocks like Sandisk, Micron, and Credo, which weighed on broader market sentiment.