Target expects full-year 2026 net sales growth around 4% from 2025, operating income margin rate over 20 basis points higher than 4.6% in 2025, and GAAP and Adjusted EPS near $8.50.
Bullish
Target achieved 6.7% net sales growth to $25.4 billion, alongside a 4.4% increase in comparable traffic and 8.9% digital sales growth. The company also improved its gross margin rate to 29.0%.
Bearish
Target faced a 24% decrease in Q1 GAAP EPS to $1.71 and a 22.9% decrease in GAAP operating income to $1.1B. The company's trailing twelve-month ROIC also declined to 12.4%.