Target reported first-quarter fiscal 2026 results that surpassed the Zacks Consensus Estimate on both top and bottom lines, driven by broad-based momentum across merchandise categories and sales channels. Adjusted earnings came in at $1.71 per share, beating the consensus of $1.41 by 21.3% and rising 31.5% from the year-ago period. Net sales reached $25,443 million, exceeding the $24,460 million estimate and marking a 6.7% year-over-year increase, while comparable sales grew 5.6% after a 3.8% decline a year earlier. The company raised its fiscal 2026 net sales growth outlook to around 4% from the prior expectation of about 2%, and expects GAAP and adjusted earnings per share near the high end of the previously guided range of $7.50 to $8.50. Shares have added about 3.6% since the last earnings report, outperforming the S&P 500.
Target CorporationTarget beat Q1 earnings estimates and raised fiscal 2026 outlook, driving positive sentiment.