finance.yahoo.com

Target’s Q2 Profit Beat Boosted by Nearly $1B Tariff Refund

Target logoTarget
Sig3.45Sen+2.60Env0.00Soc-1.20Gov-0.60

Target reported a second straight quarter of comparable sales growth, with a $994 million tariff refund materially lifting profit. The refund followed a Supreme Court ruling that President Trump exceeded authority on the tariffs. Comparable sales rose 3.8% on higher store visits and online demand, though some categories lagged and political backlash over past diversity policy changes weighed on demand.

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