Target delivers earnings beat, CEO 'encouraged' by turnaround traction — Live Feedhttps://www.live-feeds.com/feed/target-delivers-earnings-beat-ceo-encouraged-by-turnaround-tractionContinuously updated, source-cited coverage. Target beats earnings expectations and raises fiscal-year forecasthttps://www.live-feeds.com/feed/target-delivers-earnings-beat-ceo-encouraged-by-turnaround-tractionhttps://www.live-feeds.com/feed/target-delivers-earnings-beat-ceo-encouraged-by-turnaround-traction#u45476Thu, 20 Aug 2026 06:34:29 +0000Target exceeded earnings expectations for the second quarter of 2026, driven by an increase in shoppers and a jump in grocery sales. The company received a $994M tariff refund during this period. The CEO expressed encouragement regarding the traction of the company's turnaround efforts. Following these results, Target has raised its fiscal-year forecast again as consumer engagement improves. These gains are attributed to a combination of new merchandise and a recovery in the frequency of customer visits.Why it mattersThe company is executing a strategic turnaround to regain consumer momen