Target's Second Quarter 2025 Financial Results and CEO Appointment

This press release details Target Corporation's second quarter 2025 financial results, highlighting key figures such as net sales of $25.2 billion, a slight decrease from the prior year but an improvement over the first quarter. The report emphasizes improved traffic and sales trends, particularly in physical stores, and notes growth in digital comparable sales and non-merchandise revenue. Furthermore, it announces the unanimous appointment of Michael Fiddelke as Target's new CEO, expressing confidence in his leadership to drive future growth. The document also provides forward-looking guidance for fiscal 2025, expecting a low-single-digit sales decline and specific GAAP and Adjusted EPS ranges. Financial statements including consolidated statements of operations, financial position, and cash flows are presented, alongside reconciliations of non-GAAP measures to provide a comprehensive overview of the company's performance and financial health.

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