Target blows past Q1 2026 expectations
Target Q1 net sales surged 6.7% YoY to USD25.4 billion, beating expectations, driven by growth across categories and channels. Comp sales increased 5.6%, with LFL sales up 4.7% and digital comp sales rising 8.9%, supported by 27% growth in same-day delivery through Target Circle 360. Non-merchandise sales grew 24.6%, reflecting growth in Roundel advertising, membership revenue and Target+ marketplace sales. Operating income fell 22.9% to USD1.1 billion. (Target)
