Flash Take: How Target’s Q2 Earnings Stack Up Against Our Forecasts

Despite hitting below Wall Street’s expectations, Target came out of its Q2 2022 earnings call with optimism about many of its long-term strategies, including same-day services, digital fulfillment, and its brand offerings. Below, our analysts take a look at Target’s earnings, how they compare with our own forecasts, and what comes next for the retailer.

Q2 2022 Earnings Snapshot:

  • Target’s US quarterly revenues increased by 3.5% YoY to $26.04 billion.
  • Its US online retail sales grew by 9.0% YoY, versus 9.9% growth last Q2.
  • Total net sales grew 3.3%.

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