Target Corporation has raised its full-year sales forecast for the second consecutive quarter, signaling progress in its ongoing turnaround drive under new CEO Michael Fiddelke. The company now expects full-year profit per share to be $0.75 higher than its prior forecast at the mid-point, excluding benefits from a tariff refund. This represents a significant upgrade from its earlier target of around 4% year-on-year net sales growth. The revised forecast suggests that Target is making headway in its efforts to revitalize its business, which has been impacted by various challenges in recent years. As the company continues to implement its turnaround strategy, investors will be watching for further updates on its progress.
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