Target Corporation expects a low single-digit sales decline in FY25, with GAAP EPS of $8–10 and adjusted EPS of $7–9.
Michael Fiddelke named as next CEO.
In Q2 FY25, net sales fell 0.9 per cent to $25.2 billion, with EPS at $2.05.
Digital sales rose 4.3 per cent, while store sales dropped 3.2 per cent.
H1 net earnings declined 7.6 per cent to $1.97 billion.