---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-25-000115"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2025-08-20T23:59:59+00:00"
generated_at: "2026-05-17T11:15:25.644727+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Target Q2 EPS $2.05 down 20% YoY; sales slip 0.9%; board names Michael Fiddelke CEO

## Summary
- Q2 GAAP/Adj EPS $2.05, down from $2.57 YoY; net sales $25.2B, -0.9%.
- Comparable sales -1.9%, digital comp +4.3%, store comp -3.2%.
- Gross margin 29.0% vs 30.0%; operating income $1.3B, -19.4%.
- FY2025 guidance: GAAP EPS $8.00-$10.00, Adj EPS ~$7-$9; sales low-single-digit decline.
- Board appoints Michael Fiddelke as next CEO; Brian Cornell expresses confidence.

## SEC filing metadata
- accession: 0000027419-25-000115
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2025-08-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741925000115/0000027419-25-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741925000115/tgt-20250820.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-25-000115
- JSON: https://secwatch.observer/filing/0000027419-25-000115.json
- Plain text: https://secwatch.observer/filing/0000027419-25-000115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.