Target Reports Q2 2026 Earnings Beat with Sales Growth of 5.3% and Raised Guidance
Target reported second-quarter net sales of $26.5 billion, a 5.3% increase from the previous year, driven by strong performance across all six core merchandise categories. The company raised its full-year guidance to reflect sustained growth following two consecutive quarters of positive results. Earnings per share (EPS) came in at $4.11 compared with $2.05 a year ago, largely due to a one-time benefit from tariff refunds under the International Emergency Economic Powers Act that contributed $1.65 per share. Excluding this refund, EPS grew 20% year over year. Despite these strong results and improved guidance for full-year net sales growth of approximately 5%, Target's stock fell nearly 4% in premarket trading.
Tickers: $TGT
Topics: guidance_update retail sales_growth