Target Corp (TGT)
NYSE:TGT
Want to see TGT full AI Analyst Report?
Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.24Last Year’s EPS
2.05Same Quarter Last Year
Moderate Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Cautiously positive. The quarter delivered stronger‑than‑expected top‑line performance, meaningful digital momentum, improved gross margin and inventory productivity, plus early merchandising proof points and expanded network capacity. However, GAAP EPS declined, SG&A and operating margins remain pressured by investments and prior‑year distortions, some categories (home and apparel) have not yet recovered, and the company faces tougher comps and near‑term cost headwinds. Management is pursuing an ambitious multi‑year merchandising and operational overhaul, and while early signals are encouraging, execution risk and macro uncertainty remain.Company Guidance
Top-Line Growth and Comparable Sales
Q1 net sales of $25.4 billion, up 6.7% year-over-year and 3.7% versus two years ago; comparable sales increased 5.6%, driven primarily by a 4.4% increase in traffic.
Digital and Same‑Day Momentum
First‑party digital sales grew nearly 9% with same‑day delivery up more than 27%; Target Plus third‑party GMV grew nearly 60% in Q1, supporting omnichannel strength.
Gross Margin Improvement and Productivity
Gross margin rate of ~29%, roughly 80 basis points higher than a year ago due to productivity initiatives, supply‑chain leverage and growth in higher‑margin revenue streams (Roundel, Target Plus).
Inventory Productivity and Availability Progress
Inventory turns increased more than 10% year‑over‑year; top item availability and overall in‑stocks improved meaningfully in Q1, with targeted investments in forecasting and upstream capacity.
Category and Assortment Proof Points
Major merchandising initiatives showing early success: 3,000 new food items (sales from new items +50% vs prior assortment), ~1,500 wellness items with double‑digit sales growth, toys delivered double‑digit comp growth, baby comp trend accelerated >5 percentage points after new offerings.
Successful Limited‑Time Partnerships and Cultural Drops
Partnership drops (Parke, Roller Rabbit, Pokemon, K‑Pop/BTS) exceeded expectations, drove record social engagement and launch‑week sales, created traffic and buzz.
Operational Investments and Network Expansion
Opened 7 new stores including the 2,000th location; on track for >30 new stores this year; ~100 remodels underway; new Houston receive center (expected ~25M cartons/year) and Colorado food distribution center to expand capacity.
Capital Allocation Discipline and Dividend Growth
Q1 CapEx of about $1 billion with full‑year CapEx expected near $5 billion to support growth priorities; paid $516 million in dividends (per share dividend +1.8%); preserving credit rating discipline before resuming buybacks later in the year.
Management Changes and Talent Additions
Leadership realignments with Cara Sylvester as CMO and Lisa Roath as COO; hire of Jeff England as Chief Global Supply Chain & Logistics Officer to accelerate supply‑chain improvements.
Earnings Outlook Upgrade
Raised full‑year net sales guidance to a range centered around +4% (up ~2 percentage points from prior range); expecting to finish the year near the high end of previously provided operating profit / EPS range following Q1 upside.
TGT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TGT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | $127.24 | $122.33 | -3.86% |
Mar 03, 2026 | $112.11 | $119.67 | +6.74% |
Nov 19, 2025 | $86.82 | $84.42 | -2.77% |
Aug 20, 2025 | $102.04 | $95.58 | -6.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Target Corp (TGT) report earnings?
Target Corp (TGT) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Target Corp (TGT) earnings time?
Target Corp (TGT) earnings time is at Aug 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGT EPS forecast?
TGT EPS forecast for the fiscal quarter 2026 (Q2) is 2.24.
