Target Q1 FY26 EPS drops 24.5% to $1.71; net sales rise 6.7% to $25.4 billion

Target Corporation

Target Corporation

TGT

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  • Target posted fiscal Q1 GAAP diluted EPS of $1.71, down 24.5% year over year, while net earnings fell 24.6% to $781 million.
  • Net sales rose 6.7% to $25.44 billion, driven by a 6.4% increase in merchandise sales alongside a 24.6% gain in non-merchandise sales.
  • Operating income dropped 22.9% to $1.14 billion, while operating margin narrowed 1.7 percentage points to 4.5%.
  • Comparable sales climbed 5.6%, with traffic up 4.4% and digitally originated comparable sales up 8.9%.
  • Full-year 2026 guidance was raised to net sales growth around 4%, with GAAP and adjusted EPS seen near the high end of the prior $7.50-$8.50 range.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605200630PR_NEWS_USPR_____CG63171) on May 20, 2026, and is solely responsible for the information contained therein.

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