Target Non-GAAP EPS of $2.05 beats by $0.01, revenue of $25.21B beats by $310M, appoints Michael Fiddelke as next CEO.

* Target press release [https://seekingalpha.com/pr/20206131-target-corporation-reports-second-quarter-earnings] (NYSE:TGT [https://seekingalpha.com/symbol/TGT]): Q2 Non-GAAP EPS of $2.05 beats by $0.01.
* Revenue of $25.21B (-0.9% Y/Y) beats by $310M.
* Net Sales of $25.2 billion in the second quarter were 0.9 percent lower than last year, reflecting a merchandise sales decrease of 1.2 percent, partially offset by a 14.2 percent increase in non-merchandise sales. Comparable sales decreased 1.9 percent in the second quarter, reflecting a comparable store sales decline of 3.2 percent, partially offset by comparable digital sales growth of 4.3 percent.
* For fiscal 2025, the Company is maintaining its expectation of a low-single digit decline in sales, and GAAP EPS of $8.00 to $10.00. Adjusted EPS, which excludes the gains from litigation settlements in the first quarter, is expected to be approximately $7.00 to $9.00 vs $7.34 consensus

MORE ON TARGET

* Target: A Long-Shot Bet [https://seekingalpha.com/article/4815021-target-a-long-shot-bet]
* Target: Strong Financials Vs. Weak Growth [https://seekingalpha.com/article/4805918-target-stock-strong-financials-versus-weak-growth-hold-for-now]
* Target: Recent Struggles Show A Surprising Reality For This Retailer [https://seekingalpha.com/article/4805500-target-recent-struggles-show-a-surprising-reality-for-this-retailer]
* Low bar sets stage for potential Target earnings surprise [https://seekingalpha.com/news/4486718-low-bar-sets-stage-for-potential-target-earnings-surprise]
* Earnings week ahead: WMT, HD, TGT, BIDU, ZM, MDT, ZIM, PANW, and more [https://seekingalpha.com/news/4486065-earnings-week-ahead-wmt-hd-tgt-bidu-zm-mdt-zim-panw-and-more]