Target · 2026-05-20
Target (TGT) Q1 2026 Earnings: Is the Turnaround Finally Working? Earnings Release Summary
Net sales: $25.4B, +6.7% Y/Y; Comparable sales: +5.6%; Gross margin: 29.0%; Guidance: FY sales around +4%; EPS near high end of $7.50-$8.50
Net sales: $25.4B, +6.7% Y/Y
Comparable sales: +5.6%
Gross margin: 29.0%
Guidance: FY sales around +4%; EPS near high end of $7.50-$8.50
Reported data
TGT key reported figures
01
Net sales
Net sales: $25.4B, +6.7% Y/Y
Why it matters
Clearly positive. Target showed real sales recovery.
02
Comparable sales
Comparable sales: +5.6%
Why it matters
The strongest signal that traffic and demand improved.
03
Gross margin
Gross margin: 29.0%
Why it matters
Healthy, but not enough by itself if SG&A keeps rising.
04
Guidance
Guidance: FY sales around +4%; EPS near high end of $7.50-$8.50
Why it matters
Positive reset, but now expectations are higher.
05
Store comparable sales
Store comparable sales: +4.7%
Why it matters
Useful evidence that the rebound was not only digital.
Sources