Target Q2 FY26 EPS more than doubles to USD 4.11; net sales rise 5.3% to USD 26.5 billion vs year-ago quarter

(AWP Alliance News) - Target posted GAAP diluted EPS of USD 4.11 in the second quarter ended Aug. 1, 2026, more than doubling from the year-ago period, while operating income climbed 94.4% to USD 2.56 billion. Net sales rose 5.3% to USD 26.54 billion, driven by a 3.8% comparable-sales increase on 3.6% higher traffic.

The operating result included USD 994 million of IEEPA tariff refunds recorded as a reduction in cost of sales, lifting operating income by USD 994 million. Gross margin rate widened to 33.7% from 29.0% a year earlier.

https://www.sec.gov/Archives/edgar/data/27419/0000027419-26-000042-inde…

Disclaimer: This news brief was created using generative artificial intelligence. Target Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission, on August 28, 2026, and is solely responsible for the information contained therein.