Target NYSE: TGT reported stronger-than-expected first-quarter results for fiscal 2026, with executives saying early merchandising and operational changes are beginning to resonate with shoppers, while cautioning that the company remains in the early stages of a broader turnaround effort.
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The headline numbers for Target (TGT) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Target Corp (NYSE:TGT) posted its strongest comparable sales growth in four years, beating analyst expectations on both earnings and revenue, though shares fell as the retailer cautioned that cost pressures would weigh more heavily in the near term. The Minneapolis-based discount retailer reported first-quarter earnings per share of $1.71, topping the analyst consensus estimate of $1.46, on revenue of $25.44 billion against expectations of $24.66 billion.
Shares of Target (NYSE:TGT | TGT Price Prediction) are down 7% to $118 in early trading on Wednesday, May 20, after the retailer delivered a clean beat-and-raise quarter that investors are nonetheless selling.
Despite an early pre-market pop, Target Corp (NYSE:TGT) stock is down 7.1% to trade at $118.02 this morning, brushing off earnings per share (EPS) of $1.71 on $25.44 billion in revenue, both of which beat estimates.
Shares of TGT rose on Wednesday after the retailer reported stronger-than-expected quarterly earnings and raised its full-year sales outlook, signaling that its turnaround strategy is beginning to gain traction despite ongoing macroeconomic uncertainty. Target stock gained about 1.5% in premarket trading to $129.18 after the company posted first-quarter adjusted earnings of $1.71 per share on revenue of $25.4 billion.
Target (TGT) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.3 per share a year ago.
Target just topped earnings expectations and boosted its outlook.