Target Lifts FY26 EPS Guidance to $9.90-$10.90 After Q2 Profit Doubles
TGT sits 84% above its 52-week low of $83.44.
Summary
Target raised its full-year EPS guidance to $9.90-$10.90 from $7.50-$8.50, a $2.40 midpoint increase, driven by a $1.65 per share tariff refund benefit and stronger underlying performance. Q2 net earnings more than doubled to $1.877B, with EPS of $4.11 versus $2.05 a year ago. Net sales rose 5.3% to $26.539B, and comparable sales grew 3.8%, led by 8.7% digital growth. The company also lifted net sales growth guidance to ~5% and operating margin to ~6%, including ~90bps from tariff refunds. The stock is trading near its 52-week high, and the raised outlook signals management confidence in sustained momentum.
At the time of this announcement, TGT was trading at $153.36 on NYSE in the Trade & Services sector, with a market capitalization of approximately $69.3B. The 52-week trading range was $83.44 to $156.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.