TGT
FY2026 Q1 · Calendar Q2 2026
Target Corporation
Target delivered a convincing first-quarter acceleration, with net sales up 6.7% and comparable sales up 5.6% on 4.4% traffic growth -- well ahead of the roughly 2% full-year target set at its March financial community meeting. EPS of $1.71 beat consensus by 16%. The beat was broad-based, driven by a merchandising refresh that added thousands of new items across food, wellness, and baby, producing double-digit category growth. Management raised full-year guidance to approximately 4% net-sales growth. Despite the strong quarter, shares fell 4.9% on the report, likely reflecting cost-headwind questions around SG&A and freight, before recovering with a 6.9% drift over the following weeks. The stock now trades at $146.87, above the analyst consensus target of $137.05.
EPS surprise+16.3%
Market move-3.9%
