Target Corporation (TGT)

The company now

Target's newest filed quarter, the three months to 1 August 2026, brought net sales of $26.5 billion, up 5.3 percent, and net earnings of $1.88 billion against $935 million a year earlier 1. Much of the jump came from $994 million of refunds of tariffs the Supreme Court found unauthorized in February, which added $752 million to net earnings 12.

The business also grew without the refunds: comparable sales, from stores open over a year and from digital orders, rose 3.8 percent on 3.6 percent more customer transactions 1. Michael Fiddelke, chief executive since 1 February, pointed to price cuts on more than 10,000 frequently bought items over the past year 16. On those results Target raised its guidance for 2026 to net sales growth of around 5 percent 1.

The open question is how much of the gain lasts 2. The quarterly report says Target is still pursuing refund claims it has not booked, while new tariffs now apply to most major trading partners 2. A national teachers' union also called in August for a back-to-school boycott over the company's response to immigration enforcement in the Twin Cities, MPR News reported 24.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.