Shares of Target (NYSE:TGT | TGT Price Prediction) are up 5% to $159.91 in early Wednesday trading after the retailer posted a sharp Q2 FY2026 earnings beat, banked a large one-time tariff refund, and sharply raised full-year sales and profit guidance.
Target NYSE: TGT reported second-quarter sales and profit growth that executives said reflected early traction from the retailer's refreshed strategy, including merchandising changes, store investments, improved inventory availability and continued emphasis on value.
Target Corp (NYSE:TGT) has raised its full-year outlook after reporting stronger-than-expected second quarter results. For the quarter, sales were up 5.3% year-over-year at $26.54 billion, ahead of Wall Street estimates of $26.13 billion.
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Target (TGT) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.3 per share. This compares to earnings of $2.05 per share a year ago.
The retailer has added more snacks and changed up its presentation as it tries to become a destination for food purchases.
Target is expected to report its fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress. The company's stock is up more than 55% this year, though investors remain cautious.
Target's (NYSE: TGT | TGT Price Prediction) long-term prospects differ sharply from those of other large American retailers.
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Target heads into Q2 earnings with rising estimates, an earnings-beat setup and stronger merchandising, though costs and tough comparisons remain key risks.
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Both Target (NYSE:TGT | TGT Price Prediction) and Lowe's (NYSE:LOW) step into the earnings spotlight before the open on Wednesday, August 19, 2026, delivering the rare same-session read on the U.S.