Target said Wednesday that COO Michael Fiddelke will take over as CEO of the retailer in February. Fiddelke spent the past quarter leading a new acceleration effort to return the company to growth.
While the top- and bottom-line numbers for Target (TGT) give a sense of how the business performed in the quarter ended July 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
ByDoug Melville,
Key Takeaways
It's another mixed picture for the retail space. Jenny Horne talks about Target's (TGT) earnings beat as a win for the beaten-down company, though investors appear to be selling off the stock over its change of CEO.
Target (TGT) shares sank 11% in premarket trading Wednesday as the struggling retailer replaced its CEO with a company veteran even as its business showed signs of improvement in the second quarter.
Michael Lasser, UBS equity research analyst, joins 'Squawk Box' to break down Target's quarterly earnings results.
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.