Investment

Features

Fees Safety

Academy

Pluang+

Home/News Feed/Target beats earnings and sales forecasts but shares drop on cost concerns.

TGT

$138.29

-$0.00 -0.00%

Target beats earnings and sales forecasts but shares drop on cost concerns.

Company Fundamentals

20 May 2026

Proactive Investors

View Source

Neutral

Target Corp reported its strongest comparable sales growth in four years, with first-quarter earnings per share of $1.71 beating estimates and revenue reaching $25.44 billion. Comparable sales rose 5.6%, driven by an 8.9% increase in digital sales and nearly 25% growth in non-merchandise revenue streams. Despite the strong results, Target warned of increased cost pressures in the near term, especially in the second quarter, and described the operating environment as uncertain. The company raised its full-year sales growth forecast to about 4% and expects earnings per share near the high end of its guidance range, although shares fell about 7.2% following the report.

More News (TGT)

Target's merchandising reset boosts shopper traffic, prompting Jefferies to raise Q2 sales and EPS forecasts.

Target Corp's broad merchandising overhaul, including expanded wellness, beauty, home decor, and food sections, is driving increased shopper traffic. Jefferies raised its Q2 comparable sales estimate to 1.6% and EPS forecast to $2.18, citing early si...

Company Fundamentals

Bullish

16 hours ago