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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $30.91B | -3.1% | $2.41 | -19.1% | 26.0% | 4.7% | 3.6% | $2.37B |
| FY2025 Q1 | $23.85B | -2.8% | $2.27 | +11.8% | 28.2% | 6.2% | 4.3% | $-515M |
| FY2025 Q2 | $25.21B | -0.9% | $2.05 | -20.2% | 29.0% | 5.2% | 3.7% | $1.01B |
| FY2025 Q3 | $25.27B | -1.6% | $1.51 | -18.4% | 28.2% | 3.8% | 2.7% | $149M |
| FY2025 Q4 | $30.45B | -1.5% | $2.30 | -4.6% | 26.6% | 4.5% | 3.4% | $2.29B |
| FY2026 Q1 | $25.44B | +6.7% | $1.71 | -24.7% | 29.0% | 4.5% | 3.1% | $-319M |
| FY2026 Q2 | $26.54B | +5.3% | $4.12 | +101.0% | 33.7% | 9.6% | 7.1% | $4.84B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Michael Lasser | UBS | 13 (69%) |
| Simeon Gutman | Morgan Stanley | 12 (50%) |
| Rupesh Parikh | Oppenheimer | 9 (0%) |
| Chris Horvers | JPMorgan | 8 (25%) |
| Kate McShane | Goldman Sachs | 8 (0%) |
| Corey Tarlowe | Jefferies | 8 (13%) |
| Joe Feldman | Telsey Advisory Group | 5 (0%) |
| Spencer Hanus | Wolfe Research | 3 (0%) |
| David Bellinger | Mizuho Securities | 3 (0%) |
| Karen Short | Melius Research | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| UBS | 1 | 13 (69%) |
| Morgan Stanley | 1 | 12 (50%) |
| Oppenheimer | 1 | 9 (0%) |
| Goldman Sachs | 1 |
| 8 (0%) |
| Jefferies | 1 | 8 (13%) |
| JPMorgan | 1 | 8 (25%) |
| Telsey Advisory Group | 1 | 5 (0%) |
| Wolfe Research | 1 | 3 (0%) |
Target delivered a strong Q1 with net sales of $25.4 billion (+6.7% YOY) and 5.6% comp growth driven by a 4.4% traffic increase, with strength across all six merchandise categories and both stores and digital channels. Merchandising newness drove standout results--baby comp trends accelerated more than 5 percentage points after 2,000 new items launched, wellness grew double digits, and new food items sold 50% above prior assortment--while gross margin expanded 80 basis points on supply chain productivity and lower markdowns. Management raised full-year revenue guidance by 2 percentage points (to ~4% growth) and moved EPS expectations to near the high end of the prior range, though cautioned that Q1 benefited from the easiest prior-year comparison and declining consumer sentiment creates near-term uncertainty.
Guidance Reliability | Competitive Dynamics | Margin | Revenue Growth | Demand | Capex Investment | Pricing | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q3 | 2 | 3 | 1 | 5 | 2 | 1 | 2 | |
| 2024Q4 | 2 | 1 | 4 | 3 | 1 | 1 | 2 | 1 |
| 2025Q1 | 3 | 2 | 1 | 1 | 1 | 3 | ||
| 2025Q2 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 1 |
| 2025Q3 | 3 | 1 | 2 | 2 | 1 | 3 | 1 | |
| 2025Q4 | 5 | 6 | 7 | 7 | 1 | 3 | 2 | 1 |
| 2026Q1 | 2 | 3 | 2 | 3 | 2 | 1 | 3 |
| '24Q3 | '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|---|
| Guidance Reliability | 2 | 2 | 3 | 4 | 3 | 5 | 2 |
| Competitive Dynamics | 3 | 1 | 2 | 3 | 1 | 6 | 3 |
| Margin | 1 | 4 | 1 | 2 | 2 | 7 | 2 |
| Revenue Growth | 3 | 1 | 2 | 2 | 7 | 3 | |
| Demand | 5 | 1 | 1 | 2 | 1 | 1 | 2 |
| Capex Investment | 2 | 1 | 2 | 3 | 3 | 1 | |
| Pricing | 1 | 2 | 3 | 2 | 2 | ||
| Cost Pressure | 2 | 1 | 1 | 1 | 1 | 3 |
What TGT and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This growth was partially offset by lower royalty income from our partnership with Target Corporation.”
Ulta reported lower royalty income from its Target partnership (Ulta Beauty at Target shops), a slightly negative read-through for the scale of that in-store partnership.
“our only at target cross-category Pokemon collaboration helped to position Target at the center of one of the most powerful global franchises.”
Target's exclusive Pokemon collaboration set sales and social-engagement records, signaling strong consumer demand for the Pokemon franchise.
“we'll be facing the hardest comparison in Q2, a nearly 2 percentage point difference as we begin lapping last year's launch of the Nintendo Switch 2.”
The Nintendo Switch 2 launch drove strong sales momentum for Target in the prior year, creating a hard comp; implies the console was a meaningful seller for Nintendo.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TGT Target Corporation | 8 | +6.7% | |
| COST Costco Wholesale Corporation | 7 | +11.6% | |
| DG Dollar General | 8 | +3.4% | |
| DLTR Dollar Tree | 8 | +7.2% | |
| WMT Walmart Inc. | 6 | +7.3% |