Target will report earnings before the bell. Here's what to expect

Brandon Bell | Getty ImagesTarget will report fiscal second-quarter earnings before the bell on Wednesday, as investors look for signs that the struggling discounter is getting back on track.Here's what Wall Street expects for the company's most recent three-month period, according to a survey of analysts by LSEG:Earnings per : $2.03 expectedRevenue: $24.93 billion expectedThe Minneapolis-based retailer's annual sales have been roughly stagnant for four years. s of Target have tumbled 60% from their all-time high in late 2021.The big-box retailer's blems have only compounded this year: store traffic has fallen almost every week since late January, according to Placer.ai, an analytics firm that uses anonymized data from mobile devices to estimate overall visits to locations

Target's stock has dropped 22% in 2025 alone.In interviews with CNBC, customers and former employees said Target has lost some of the unique traits that set it apart from competitors, such as its eye-catching merchandise, well-kept stores and attentive customer service.Higher tariffs have added to Target's challenges. half of what Target sells is imported, the company has said.And last week, Ulta Beauty and Target announced they are ending a deal that opened mini beauty shops in nearly a third of Target's stores

Target had spoken the addition of Ulta shops as a traffic-driver and a boost to its beauty category.Read more'Lost their identity': Why Target is struggling to win over shoppers and investorsUlta and Target will end deal for in-store beauty shops next yearTarget CEO Brian Cornell to stay on for three more years, as company scraps retirement ageTarget cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollbackDespite the challenges, Target leaders, including CEO Brian Cornell, have stressed confidence in the company's long-term outlook and its strategy to get back to its "Tarzhay" image

They have also spoken driving growth with newer parts of the , such as advertising.Target cut its full-year sales outlook in May, blaming its weaker expectations on lower discretionary spending, consumer uncertainty tariffs, and backlash to the company's rollback of key diversity, equity and inclusion efforts

Target said it expects a low-single-digit percentage point decline in sales this fiscal year and adjusted earnings per , excluding gains from litigation settlements, to be $7 to $9.In May, the company also announced a few leadership shakeups and the creation of a new office int to turn around its results

Chief Operating Officer Michael Fiddelke will oversee the new effort, called the Enterprise Acceleration Office.Target is on the cusp of a change at the top, too

CEO Brian Cornell is widely expected to leave the company