06:45 AM EDT, 08/20/2025 (MT Newswires) -- Target ( TGT ) reported fiscal Q2 adjusted earnings Wednesday of $2.05 per share, down from $2.57 a year earlier.

Analysts polled by FactSet expected $2.04.

Net sales for the quarter ended Aug. 2 were $25.21 billion, compared with $25.45 billion a year earlier.

Analysts polled by FactSet expected $24.94 billion.

The company reiterated its fiscal 2025 outlook of $7 to $9 in adjusted earnings per share and a low-single digit decline in sales. Analysts polled by FactSet expect $7.28 in adjusted earnings per share on revenue of $104.92 billion.

Shares of Target ( TGT ) were down more than 6% in recent premarket activity.