capital · May 21, 2026
Target raises annual sales growth forecast to 4% from prior 2% target for fiscal year
Share the canonical public link.
Target raised its annual net sales growth forecast to approximately 4% for fiscal 2026 from the prior 2% target on May 20, 2026, with new CEO Michael Fiddelke noting Q1 sales rose 5.6% across all categories. The retailer spent an additional $2 billion on merchandise inventory and cut prices on 3,000 items while digital sales grew 8.9% and same-day deliveries increased 27%. Target expects full-year earnings per share of approximately $8.50 and reported gross margin improvement. Shares fell 6% in early trading after the update.
Below validation threshold — auto-passed without scoring