Target(TGT) - 2026 Q2 - Earnings Call Presentation

Q2 2025 Performance & Outlook - Target's net sales decreased by 0.9% [1] - Comparable sales decreased by 1.9% [1] - GAAP and Adjusted EPS reached $2.05 [1] - Digital comparable sales increased by 4.3% [1] Growth Drivers - Same-day services grew by more than 25% [5] - Ship-to-guest services grew by more than 7% [5] - Trading cards are tracking to become a more-than-$1 billion business for Target in 2025 [15] - Double-digit net sales growth was achieved in Roundel and Target Plus marketplace [16] Investments & Strategy - The company is on track to invest about $4 billion in 2025 to support new stores, remodels, and enhancements in supply chain and technology [21] - The company is investing in 10,000+ new GenAI licenses [25]