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TARGET FOR IMMEDIATE RELEASE Contacts : John Hulbert , Investors , ( 612 ) 761-6627 Joe Poulos , Media , ( 612 ) 696-3400 Target Corporation Reports Second Quarter Earnings Second quarter net sales grew 5.3 percent over last year , with comparable sales growth of 3.8 percent driven by a 3.6 percent increase in comparable traffic . ° ° ° On a two - year basis , second quarter Net Sales compounded annual growth rate was 2.1 % , a 30 basis point acceleration to prior quarter . Topline strength was broad - based across sales channels , demographics , merchandise categories , and across the quarter . " Store comparable sales grew 2.7 percent , and Digital comparable sales grew 8.7 percent , led by more than 25 percent growth in same - day delivery . Net sales in all six core merchandising categories grew versus a year ago with double - digit growth in Fun 101 and high single - digit growth in Food & Beverage and Beauty . The company continues to focus on a differentiated retail experience , investing in style , design , newness , and in value , having lowered prices on more than 10,000 items over the past year . Non - merchandise sales grew over 20 percent , reflecting strong growth in Roundel ad revenue , Target Circle 360 membership revenue , and the Target + marketplace . Second quarter GAAP and Adjusted EPS¹ was $ 4.11 , compared with prior - year GAAP and Adjusted EPS of $ 2.05 , an increase of 100 percent , which included tariff refund² benefits of $ 1.65 for Q2 2026. GAAP and Adjusted EPS increased 20 percent year - over - year , excluding tariff refunds . For additional media materials , please visit : https://corporate.target.com/news-features/article/2026/08/q2-2026-earnings MINNEAPOLIS ( August 19 , 2026 ) – Target Corporation ( NYSE : TGT ) today announced its second quarter 2026 financial results . - more 1 Adjusted EPS , Adjusted selling , general and administrative ( SG & A ) expenses , Adjusted SG & A expense rate , Adjusted operating income , and Adjusted operating income margin rate , non - GAAP financial measures , exclude the impact of certain discretely managed items , when applicable . See the tables of this release for additional information . 2 During the three and six months ended August 1 , 2026 , we recognized $ 994 million related to International Emergency Economic Powers Act ( IEEPA ) tariff refunds ( " tariff refunds " ) received during the second quarter of 2026 as a reduction of Cost of Sales . Note ( a ) to the Operating Metrics table provides additional information about the impact of tariff refunds .