Earnings ·
Target Corporation reported second quarter fiscal 2026 results with net sales of $26.5 billion, a 5.3 percent increase…
TGTTarget Corp
Target Corporation reported second quarter fiscal 2026 results with net sales of $26.5 billion, a 5.3 percent increase year-over-year, driven by 3.8 percent comparable sales growth fueled by a 3.6 percent rise in traffic. GAAP and adjusted diluted earnings per share reached $4.11, up from $2.05 in the prior year, significantly boosted by $994 million in tariff refunds that contributed $1.65 to EPS. Excluding these refunds, operating income margin expanded approximately 100 basis points to reflect underlying operational strength. The company raised its full-year guidance, projecting net sales growth around 5 percent and adjusted EPS between $9.90 and $10.90. Target operates in the retail industry, offering a broad assortment of general merchandise, food, and services through over 2,000 U.S. stores and digital channels.