Target Q2 revenue up 5.3%, raises annual guidance

1. 1Target (TGT) posted Q2 net revenue of $26.5 billion, up 5.3% year-over-year.
2. 2Comparable sales of 3.8% exceeded Wall Street's estimate of 2.4%, and the company raised its full-year revenue growth outlook to roughly 5%.
3. 3EPS including a tariff refund came in at $4.11, but despite the solid results, the stock fell about 4% in premarket trading.

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