TGT Q4 2026

Q1 2027 Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

Target delivered a stronger-than-expected bottom line in Q4 2026, with adjusted EPS of $2.44 clearing the $2.16 consensus estimate by 12.96%, even as top-line pressure persisted. Net sales of $30.45 billion matched analyst forecasts but slipped 1.5% … Read more Target delivered a stronger-than-expected bottom line in Q4 2026, with adjusted EPS of $2.44 clearing the $2.16 consensus estimate by 12.96%, even as top-line pressure persisted. Net sales of $30.45 billion matched analyst forecasts but slipped 1.5% year-over-year, reflecting an ongoing soft patch in consumer discretionary spending that weighed on comparable store sales. The standout driver of the earnings beat was margin recovery, with gross margin expanding 40 basis points to 26.6%, aided by lower inventory shrink, reduced supply chain costs, and a non-merchandise revenue surge of more than 25%, with membership revenue more than doubling. Not every category struggled; Food, Beauty, and Toys posted net sales growth, while same-day delivery via Target Circle 360 grew over 30%. Free cash flow generation also underpinned the company's 235th consecutive quarterly dividend declaration. Looking ahead, Target guided for approximately 2% net sales growth in fiscal 2026, with full-year EPS expected in the range of $7.50 to $8.50.