Target (TGT) came out with quarterly earnings of $2.05 per share, missing the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $2.57 per share a year ago.
Shares in Target Corporation (NYSE: TGT) are sinking this morning after the company made a few significant announcements. First, the retailer released its Q2 2025 results, which revealed it is still facing substantial sales headwinds.
This is a developing story and will be updated.
Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on Feb. 1 as the retailer works on its turnaround strategy.
Target Corp (NYSE:TGT) shares were set to drop on Wednesday as the retailer announced a change of CEO and reported earnings that narrowly beat expectations. The S&P 500 company said chief operating officer Michael Fiddelke will succeed Brian Cornell as chief executive from next February, after over a decade in the role.
Target has named Michael Fiddelke as its new CEO, replacing Brian Cornell. Cornell will stand down to become executive chair in February, the company announced Wednesday.
Stacey Widlitz, SW Retail Advisors president, joins 'Squawk Box' to break down Target's quarterly earnings results.
The board unanimously elected COO Michael Fiddelke to succeed Cornell starting February 1.
Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on February 1 as the retailer works on its turnaround strategy.
Chief Operating Officer Michael Fiddelke, who will take the top job in February, said the retailer needs to revive its focus on stylish merchandise.
Target has named Michael Fiddelke, its current chief operating officer, as its next CEO. Fiddelke will succeed Brian Cornell on Feb. 1.
Target's struggles continued in its recent quarter, but the retailer said its results "showed encouraging signs of recovery."