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Target Corp. Shares Slide Below $100 Amid Earnings Miss and CEO Transition
Target Corp. Shares Slide Below $100 Amid Earnings Miss and CEO Transition
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BTCCSquare news:
Target Corporation's stock tumbled to $96.65 on August 21, 2025, marking a 2.07% decline as investors digested mixed Q2 results and leadership changes. The retailer's comparable sales fell 1.9%—the ninth drop in eleven quarters—though digital revenue grew 4.3%, powered by a 25% surge in Target Circle 360 same-day deliveries.
CEO Brian Cornell's departure after six years overshadowed modest improvements from Q1, with net income plunging 21.5% to $935 million. While trading cards and impulse categories showed strength, the market punished Target's persistent margin pressures and fading consumer demand.
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