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Story summary
- Target reported $26.54 billion sales for the quarter ended August 1, 2026 and $1.88 billion net income, $4.11 per share, boosted by a $752 million tariff-refund.
- Digital sales grew 8.7% while same-day delivery increased over 25% as comparable sales rose 3.8%.
- Target raised full-year sales guidance to about 5% and announced a 75% redesign of decorative accessories while cutting over 10,000 items.
- Target opened 17 new stores and saw its stock rise 55% year-to-date.
