Target released its first-quarter financial results before the market opened on May 20, 2026. Investors analyzed the report for progress on the company's turnaround plan under its new CEO.
The results serve as a gauge for consumer spending on non-essential items like apparel and home goods. Analysts forecasted a modest year-over-year revenue increase to approximately $24.66 billion.
Earnings per share estimates sat near $1.46 heading into the release. Prediction markets suggested a high probability of a decline in comparable sales. Target continues to invest in store remodels and supply chain upgrades to reclaim market share from Walmart.