Target releases transcript of Q2 2026 earnings conference call - TGT News | RalliesTarget releases transcript of Q2 2026 earnings conference call
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TGT• Q2 2026 earnings conference call highlights
- Target Q2 2026 earnings call with CEO Michael Fiddelke, CFO Jim Lee, COO Lisa Roath, CMO Cara Sylvester, and IR head John Hulbert.
- Net sales were $26.5 billion, up 5.3%; comparable sales rose 3.8% on traffic up 3.6%; digital comps increased 8.7%.
- Gross margin was 33.7%, up 4.7 points, including $994 million in pretax IEEPA tariff refunds; operating margin was 9.6%.
- EPS was 4.11; tariff refunds contributed 1.65; excluding refunds, adjusted EPS was about 20% higher than a year earlier.
- Target raised its full-year net sales growth outlook to around 5% and lifted its EPS range to 9.90-10.90, excluding any additional tariff refunds.
