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%.