Target's second-quarter earnings announcement is anticipated on Wednesday, with analysts predicting $2.03 EPS and $24.93 billion in revenue. The retailer faces challenges including stagnant sales for four years, declining store traffic since January, and a 60% stock drop from its 2021 high. Customer and employee feedback points to a decline in Target's unique appeal, while higher tariffs and the ending of a partnership with Ulta Beauty further complicate the situation. Investors will be closely watching for signs of a turnaround.

Prepared by Christopher Adams and reviewed by editorial team.