Target's turnaround gains traction as earnings beat boosts outlook
TL;DR Summary
Target beat earnings expectations in Q2 as sales rose across all departments, traffic improved, and margins benefited from tariff refunds; the retailer raised full-year guidance and signaled ongoing price investments amid a broad merchandising reset, with CEO Michael Fiddelke saying the turnaround is gaining traction and aims for years of sustained top-line growth.
- Target delivers earnings beat, CEO 'encouraged' by turnaround traction Yahoo Finance
- Target hikes outlook as sales rebound and huge tariff refund boosts bottom line CNBC
- Target earnings: Turnaround materializing as grocery sales jump Axios
- Target Lifts Full-Year Outlook as Recovery Efforts Gain Ground Bloomberg.com
- Target Q2 2026 earnings beat: sales up 5.3%, guidance raised qz.com
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