Goal (TGT) Q2 2025 earnings

Goal will report fiscal second-quarter earnings earlier than the bell on Wednesday, as buyers search for indicators that the struggling discounter is getting again on observe.

Here is what Wall Avenue expects for the corporate’s most up-to-date three-month interval, in keeping with a survey of analysts by LSEG:

• Earnings per share: $2.03 anticipated
• Income: $24.93 billion anticipated

The Minneapolis-based retailer’s annual gross sales have been roughly stagnant for about 4 years. Shares of Goal have tumbled about 60% from their all-time excessive in late 2021.

The large-box retailer’s issues have solely compounded this 12 months: retailer site visitors has fallen virtually each week since late January, in keeping with Placer.ai, an analytics agency that makes use of anonymized information from cell gadgets to estimate total visits to areas. Goal’s inventory has dropped 22% in 2025 alone.

In interviews with CNBC, clients and former workers mentioned Goal has misplaced among the distinctive traits that set it other than rivals, akin to its eye-catching merchandise, well-kept shops and attentive customer support.

Larger tariffs have added to Goal’s challenges. About half of what Goal sells is imported, the corporate has mentioned.

And final week, Ulta Magnificence and Goal introduced they’re ending a deal that opened mini magnificence retailers in practically a 3rd of Goal’s shops. The partnership, which additionally added Ulta’s magnificence manufacturers to Goal’s web site, will finish in August 2026. Goal had spoken concerning the addition of Ulta retailers as a traffic-driver and a lift to its magnificence class.

Regardless of the challenges, Goal leaders, together with CEO Brian Cornell, have harassed confidence within the firm’s long-term outlook and its technique to get again to its “Tarzhay” picture. They’ve additionally spoken about driving progress with newer components of the enterprise, akin to promoting.

Goal minimize its full-year gross sales outlook in Might, blaming its weaker expectations on decrease discretionary spending, client uncertainty about tariffs, and backlash to the corporate’s rollback of key variety, fairness and inclusion efforts. 

Goal mentioned it expects a low-single-digit share level decline in gross sales this fiscal 12 months and adjusted earnings per share, excluding beneficial properties from litigation settlements, to be about $7 to $9.

In Might, the corporate additionally introduced just a few management shakeups and the creation of a brand new workplace meant to show round its outcomes. Chief Working Officer Michael Fiddelke will oversee the brand new effort, referred to as the Enterprise Acceleration Workplace.

Goal is on the cusp of a change on the prime, too. CEO Brian Cornell is extensively anticipated to go away the corporate. He agreed to remain within the position for about three extra years after Goal’s board scrapped the retirement age of 65 in September 2022.