Target Reports Q1 2026 Earnings with Strong Sales Growth and Mixed Profitability
Target reported strong net sales growth of $25.4 billion in Q1 2026, up 6.7% year over year. While the company saw a rise in gross margin rate to 29%, SG&A expenses increased significantly due to legal settlements from last year. Earnings per share (EPS) declined on a GAAP basis but rose above adjusted figures.
Tickers: $TGT
Topics: financial_performance retail sales_growth