What were Target’s (NYSE:TGT) total net sales for Q1 2026?

Target reported total net sales of $25.4 billion for Q1 2026, a 6.7% increase compared to the same period in 2025, driven by strong consumer traffic and demand across its stores.

How did comparable sales perform during the quarter?

Overall comparable sales grew 5.6% year-over-year, while digital comparable sales rose 8.9%, highlighting robust e-commerce growth alongside in-store demand.

What were Target’s operating income and margins in Q1 2026?

The retailer posted operating income of $1.1 billion, translating to an operating margin of 4.5%, with a gross profit margin of 29% supported by stable inventory and cost management.

How did Target perform on net earnings and EPS?

Net earnings per share were $1.71 on both a GAAP and adjusted basis, reflecting consistent profitability amid broader retail pressures.

What factors contributed to Target’s revenue growth?

Growth was driven by broad-based consumer demand, strong digital sales, and effective inventory and cost controls that supported both in-store and e-commerce operations.

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Target sales accelerate to $25.4B as digital strategy drives growth

Written by Liezl GambePublished May. 20 2026Last Updated May. 20 2026

Target (NYSE:TGT) reported its financial results for the first quarter of 2026, delivering an uptick in both consumer traffic and digital transaction volumes that allowed the retailer to elevate its full-year commercial projections.

Total net sales for the quarter reached $25.4 billion, representing a 6.7% increase compared to the same period in 2025.

The growth was supported by broad-based consumer demand, with overall comparable sales advancing 5.6% year-over-year.

Target’s e-commerce channels served as a primary growth vector, as digital comparable sales expanded by 8.9% for the three-month period.

The Minneapolis-based retailer posted first-quarter operating income of $1.1 billion, yielding an operating margin of 4.5%.

Gross profit margin for the period stood at 29%, reflecting stable inventory levels and effective cost management amidst shifting consumer product preferences.

Net earnings per share settled at $1.71 on both a GAAP and adjusted basis.

On the strength of the first-quarter performance, Target revised upward its full-year financial outlook for the remainder of 2026.

The company now expects full-year net sales growth to land around 4%, improving upon its previous baselines.

Furthermore, management indicated that full-year adjusted earnings per share are tracking toward the upper boundary of its previously established guidance range of $7.50 to $8.50.