General merchandise retailer Target (NYSE: TGT) will be reporting earnings this Wednesday morning. Here’s what you need to know.
Target met analysts’ revenue expectations last quarter, reporting revenues of $30.45 billion, down 1.5% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Is Target a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Target’s revenue to grow 3.2% year on year, a reversal from the 2.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Target has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Target’s peers in the non-discretionary retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Grocery Outlet delivered year-on-year revenue growth of 3.6%, beating analysts’ expectations by 1.4%, and Sprouts reported revenues up 4.1%, in line with consensus estimates. Grocery Outlet’s stock price was unchanged after the resultswhile Sprouts was up 15.1%.
Read our full analysis of Grocery Outlet’s results here and Sprouts’s results here.
Late 2025's AI disruption anxiety drove a defensive rotation, but by spring 2026 the US-Iran conflict had become the dominant story, proving that markets rarely dwell on one narrative for long. While some of the non-discretionary retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 11.8% on average over the last month. Target is down 5.2% during the same time and is heading into earnings with an average analyst price target of $127.38 (compared to the current share price of $123.38).
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