Target Just Posted Its First Sales Growth in 5 Quarters. So Why Did the Stock Drop Anyway?
View original at finance.yahoo.comTarget Just Posted Its First Sales Growth in 5 Quarters. So Why Did the Stock Drop Anyway? Shares of big-box retailer Target(NYSE: TGT) slid about 4% after the company reported its fiscal first quarter of 2026 (the period ended May 2, 2026) earlier this week…
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Business momentum in Q1 FY2026 was broad-based: all six core merchandise categories grew, store traffic rose 4.4%, digital comparable sales jumped 8.9%, and higher-margin non-merchandise revenue grew nearly 25%.
60% confidenceComparable sales rose 5.6% in Q1 FY2026, Target's first positive comparable-sales reading in five quarters and its strongest comparable-sales gain in approximately four years.
60% confidenceExcluding the ~$0.97/share one-time legal settlement gain from Q1 FY2025, adjusted prior-year EPS was approximately $1.30, making Q1 FY2026 EPS of $1.71 represent approximately 32% year-over-year growth.
60% confidenceTarget will make more changes to what it sells and how it sells it in 2026 than has been seen in a decade.
60% confidence
Data points we hold from this source
| Target Corporation · net income | 781 USD |