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Target released its Q2 2025 financial report, noting net sales of $25.2 billion, a 0.9% decrease year over year, but a 2% increase from Q1 2025.
Comparable store sales decreased 3.2% during Q2, while digital comparable store sales increased 4.3%. This growth was driven by more than 25% expansion in same-day delivery services powered by Target Circle 360, along with continued strength in the company’s Drive Up service.
The retailer also announced a major leadership transition, with the board unanimously appointing Michael Fiddelke as the company’s next chief executive officer.
“With the board’s unanimous decision to appoint Michael Fiddelke as Target’s next CEO, I want to express my full confidence in his leadership and focus on driving improved results and sustainable growth. He’s contributed meaningfully during times of change and played a critical role in establishing the differentiated capabilities that will continue to drive Target forward. Michael brings a deep understanding of our business and a genuine commitment to accelerating our progress,” says Brian Cornell, chair and chief executive officer of Target Corporation. “Today, we also reported our second quarter earnings, which showed encouraging signs of recovery, including improved traffic and sales trends—particularly in our stores—and disciplined cost management in a challenging retail environment. As we enter the critical back-to-school and holiday seasons, our team remains focused on consistent execution and building momentum as we look ahead to the new year.”
