Target Q2 FY26 GAAP EPS more than doubles to $4.11; net sales rise 5.3% to $26.5 billion

Reuters2026/08/19 10:31

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Target posts Q2 GAAP diluted EPS of USD 4.11, doubled from a year ago, including USD 1.65 per share tariff-refund benefits.
Net earnings doubled to USD 1.88 billion; operating income climbed 94.4% to USD 2.56 billion, boosted by USD 994 million pretax refunds.
Net sales rose 5.3% to USD 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%.
Outlook lifted: full-year net sales growth seen around 5%; GAAP diluted EPS guidance set at USD 9.90-USD 10.90.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608190630PR_NEWS_USPR_____CG28770) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Target Q2 FY26 GAAP EPS more than doubles to $4.11; net sales rise 5.3% to $26.5 billion

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