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Target (TGT) Reports Q1 Earnings: What Key Metrics Have to Say
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Target (TGT - Free Report) reported $25.44 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 6.7%. EPS of $1.71 for the same period compares to $1.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $24.45 billion, representing a surprise of +4.06%. The company delivered an EPS surprise of +21.44%, with the consensus EPS estimate being $1.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Target performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: 5.6% versus 1.3% estimated by seven analysts on average.
Number of stores - Total: 2,002 versus the five-analyst average estimate of 2,002.
Retail Square Feet - Total: 251.48 Msq ft versus 251.63 Msq ft estimated by four analysts on average.
Stores Originated Comparable Sales Change: 4.7% versus 0.2% estimated by four analysts on average.
Net Sales- Merchandise sales: $24.89 billion versus the three-analyst average estimate of $23.97 billion.
Net Sales- Merchandise sales- Beauty & household essentials: $3.4 billion versus $3.15 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.
Net Sales- Merchandise sales- Food & beverage: $6.26 billion versus the two-analyst average estimate of $5.95 billion. The reported number represents a year-over-year change of +6.1%.
Net Sales- Merchandise sales- Hardlines: $3.52 billion versus $3.14 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.6% change.
Net Sales- Merchandise sales- Other: $56 million versus $41.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +40% change.
Net Sales- Credit card profit sharing: $130 million versus the two-analyst average estimate of $135.16 million. The reported number represents a year-over-year change of -7.8%.
Net Sales- Merchandise sales- Household essentials: $4.57 billion versus the two-analyst average estimate of $4.45 billion.
Net Sales- Merchandise sales- Apparel & accessories: $3.85 billion compared to the $3.85 billion average estimate based on two analysts. The reported number represents a change of +3.6% year over year.
Shares of Target have returned -3.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Target (TGT) Reports Q1 Earnings: What Key Metrics Have to Say
Target (TGT - Free Report) reported $25.44 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 6.7%. EPS of $1.71 for the same period compares to $1.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $24.45 billion, representing a surprise of +4.06%. The company delivered an EPS surprise of +21.44%, with the consensus EPS estimate being $1.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Target performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Target here>>>
Shares of Target have returned -3.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.