secwatch.observer — SEC 8-K summary
======================================

Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2025-08-20T23:59:59+00:00
Accession:  0000027419-25-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741925000115/0000027419-25-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741925000115/tgt-20250820.htm
  HTML page:      https://secwatch.observer/filing/0000027419-25-000115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer