Target Q2 FY26 GAAP EPS more than doubles to $4.11; net sales rise 5.3% to $26.5 billion
TGT•Outlook raised for the full year
- Target said it now sees full-year net sales growth of around 5%.
- GAAP diluted EPS guidance was set at $9.90 to $10.90.
Target reports higher Q2 sales and earnings
- Target posts Q2 GAAP diluted EPS of $4.11, doubled from a year ago, including $1.65 per share tariff-refund benefits.
- Net earnings doubled to $1.88 billion; operating income climbed 94.4% to $2.56 billion, boosted by $994 million pretax refunds.
- Net sales rose 5.3% to $26.54 billion; comparable sales increased 3.8%, driven by 3.6% higher comparable traffic.
- Operating margin widened 4.4 percentage points to 9.6%; gross margin rate expanded 4.7 percentage points to 33.7%.
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