Finance
Target Snaps Four-Quarter Slump With Surprise Q1 2026 Beat: $25.4 Billion in Sales, 5.6% Comps, EPS $1.71 and a Raised Full-Year Outlook
Target reported a clear first-quarter beat on May 20, with $25.4 billion in net sales, a 5.6% rise in comparable sales that ended four straight quarters of declines, and adjusted earnings of $1.71 a share against a $1.46 estimate. Same-day delivery through Target Circle 360, an 8.9% digital comp, and 4.4% growth in customer traffic powered the result; management lifted full-year sales-growth guidance to about 4%.
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