All six core merchandising categories saw sequential improvements, while digital comparable sales advanced 4.3% on the back of over 25% growth in same-day delivery through Target Circle 360 and continued strength in Drive Up.

Target Corporation's stock dip is more about politics than performance. Explore the potential opportunity under new leadership. Click for more on TGT earnings.

Target Corporation (NYSE:TGT) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $2.05, beating the analyst consensus estimate of $2.

Target Corp. is leading the S&P 500 index’s decliners after the discount retailer announced that Chief Executive Brian Cornell is stepping down next year, to be replaced by the company’s Chief Operating Officer Michael Fiddelke.

Target Corporation shares tumbled 11% after COO Michael Fiddelke was named CEO, succeeding Brian Cornell. The leadership shift comes amid weak sales, customer churn, and operational challenges. Cornell will transition to executive chair effective February 2026.

Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.

Target Corporation shares fell over 10% premarket on Wednesday after the retailer its new CEO while also reporting second quarter earnings that narrowly beat estimates but showed continuing sales challenges.