Target reported strong second-quarter earnings with sales of 25.21 billion dollars and earnings per share of 2.05, beating analyst expectations. However, comparable sales declined nearly 2 percent, operating income fell 19 percent, and profit margins decreased. Concerns about short-term pressure from tariffs led to an 11 percent drop in shares, bringing them to 98.20 dollars. The company announced that COO Michael Fidelke will succeed the outgoing CEO Brian Cornell in 2026.