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.

Target Corporation entered into a new $4.0 billion unsecured five-year revolving credit facility on August 14, 2026, with Bank of America as administrative agent. The agreement allows Target to increase commitments by up to an additional $1.0 billion and expires on August 14, 2031, with two one-year extension options. Concurrently, the company terminated its prior $3.0 billion five-year credit agreement and its $1.0 billion 364-day credit agreement. This refinancing activity replaces existing debt facilities with a new structure that includes customary covenants, including leverage ratio requirements. Target Corporation operates as a large-scale general merchandise retailer in the United States.

Target Corporation's Board of Directors elected Joe DePinto, former President and CEO of 7-Eleven, Inc., to its Board of Directors effective August 1, 2026. Mr. DePinto will also serve on the Audit & Risk Committee and the Infrastructure & Finance Committee. Target Corporation is a retail company that offers a distinct assortment of goods and shopping experiences across more than 2,000 U.S. stores and online.

At its 2026 Annual Meeting of Shareholders on June 10, 2026, Target Corporation's shareholders approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan. Shareholders also elected twelve directors, ratified Ernst & Young LLP as the independent auditor for fiscal 2026, and approved executive compensation on an advisory basis. Three shareholder proposals regarding the independence of the Board Chair, pesticide reporting for private label brands, and plastic microfiber shedding were defeated. Target Corporation operates in the retail industry and manages a chain of general merchandise stores.