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 $2.03.
Quarterly sales of $25.21 billion (down 0.9% year over year) outpaced the Street view of $24.93 billion.
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Target announced that its Board has unanimously elected COO Michael Fiddelke as CEO and director, succeeding Brian Cornell, who will transition to executive chair effective Feb. 1, 2026.
Fiddelke recently launched and began leading Target’s Enterprise Acceleration Office, aimed at simplifying operations, advancing technology, and …