News Summary

• Target's second-quarter profits more than doubled to $1.87 billion.
• The retailer’s top-line strength emerged from Fun101, food and beverage, and beauty categories.
• Same-day delivery jumped more than 25%, year-over-year.
• Target now expects full-year net sales to grow around 5%, a full point higher than its previous guidance.“We continue to look first to find other means to reduce the impact of tariffs, including changes to country of origin, collaborating with vendors to find offsets, and adjusting assortment.
• Those tactics have helped us to reduce tariff pressure while continuing to deliver the combination of style, design, and value consumers expect from Target,” said CFO Jim Lee.