THE WHAT? Target Corporation reported stronger second-quarter 2026 results, with net sales rising 5.3% to US$26.5 billion and comparable sales increasing 3.8%, prompting the retailer to raise its full-year sales and earnings outlook.
THE DETAILS Growth was broad-based across Target’s business, with comparable store sales up 2.7% and digital comparable sales increasing 8.7%. All six core merchandising categories recorded year-on-year sales growth, with Beauty delivering high single-digit growth. Operating income doubled to US994 million in tariff refunds. Excluding tariff refunds, EPS increased 20% year on year. Target now expects full-year net sales growth of around 5%, one percentage point above its previous guidance, and has raised its underlying earnings expectations.
THE WHY? Target raised its 2026 outlook after Q2 net sales increased 5.3%, with high single-digit Beauty growth contributing to broad-based improvement across the US retailer’s business.
Source: Target
