Target(US:TGT) Sou Hu Cai Jing·2025-08-20 12:38Group 1 - Target's Q2 net sales reached $25.21 billion, exceeding market expectations of $24.93 billion, with adjusted earnings per share of $2.05, higher than the anticipated $2.01 [1] - Comparable sales declined by 1.9% year-over-year, and customer transactions decreased by 1.3% [1] - The company's stock price fell over 10% in pre-market trading, reflecting investor concerns about its ability to return to a growth trajectory, with a cumulative decline of approximately 60% since the end of 2021 [1] Group 2 - Target's Q2 net profit decreased from $1.19 billion in the same period last year to $935 million, indicating pressure on profit margins [4] - The company maintained its full-year adjusted earnings per share guidance of $7 to $9, which was previously revised down in May, and expects a low single-digit percentage decline in annual sales [4] - Target's partnership with Ulta Beauty will end, with mini beauty stores in nearly one-third of Target locations set to close by August 2026, which was previously seen as a key driver for customer traffic [4] Group 3 - Online sales grew by 4.3% year-over-year, while non-merchandise sales surged by 14.2% due to growth in advertising, membership programs, and third-party marketplace revenue [6] - Incoming CEO Michael Fiddelke, who has been with Target for 20 years, plans to focus on three priorities: restoring Target's reputation as a unique fashion retailer, providing a more consistent customer experience, and enhancing operational efficiency through technology [6] - Fiddelke acknowledged that the company has lost its leading position in traditional categories like home goods and emphasized the need to improve fashion and design leadership [6]