Target Corp · Q1 2027 earnings

Briefing

Target reported stronger-than-expected first quarter results with broad-based sales growth across categories and channels.

Target Corporation announced first quarter 2026 net sales of $25.4 billion, up 6.7 percent from the prior year, and GAAP and Adjusted EPS of $1.71. Comparable sales increased 5.6 percent, driven by 4.4 percent traffic growth and 8.9 percent digital comparable sales growth. Operating income margin rate was 4.5 percent, with the company raising full-year sales growth guidance to around 4 percent.

• Net sales rose 6.7% to $25.4 billion, exceeding expectations with strength across all six core merchandising categories and both stores and digital channels.
• Comparable sales grew 5.6%, including 4.7% store-originated and 8.9% digitally originated comparable sales growth.
• GAAP and Adjusted EPS of $1.71 reflected a 31.6% increase over prior-year Adjusted EPS of $1.30.
• Full-year 2026 guidance was raised to net sales growth around 4% and operating income margin rate more than 20 basis points above 2025's 4.6% Adjusted rate.

Headline financials

Revenue & EPS history

The Company raised its 2026 full-year expectations, now expecting net sales growth around 4 percent, operating income margin rate more than 20 basis points above the 4.6 percent Adjusted rate in 2025, and GAAP and Adjusted EPS near the high end of the $7.50 to $8.50 range.