Target Reports Q4 EPS of $2.44, Projects FY26 EPS $7.50–$8.50
Target reported fourth-quarter adjusted EPS of $2.44, surpassing prior year’s $2.41, while revenue dipped 1.5% to $30.45 billion and comparable sales fell 2.5%. For fiscal 2026, the retailer raised its full-year EPS outlook to $7.50–$8.50 and expects a 2% sales increase to $106.9 billion.
1. Q4 Earnings Performance
Target posted adjusted fourth-quarter EPS of $2.44, up from $2.41 a year earlier, and net income of $1.05 billion on $30.45 billion in revenue. Comparable sales fell 2.5% and total sales dipped 1.5%, reflecting ongoing pressure on discretionary spending.
2. Fiscal 2026 Outlook
The company raised its full-year EPS guidance to a range of $7.50–$8.50 per share, above consensus near $7.30, and forecasts a 2% increase in net sales to about $106.9 billion. This upbeat outlook signals confidence in operational initiatives and consumer demand recovery.
3. Late-Quarter Sales Trends
Customer traffic and sales momentum improved in the final two months of the quarter, driven by strength in food and beverage, beauty, and toys. New CEO Michael Fiddelke is expected to outline further strategic plans at the upcoming annual meeting.