Aug 19, 7:51 AM ET
Target reported second-quarter 2026 net sales of $26.5 billion, up 5.3 percent, and diluted EPS of $4.11 versus $2.05 a year earlier. The results include a $994 million tariff refund benefit worth $1.65 per share, and excluding refunds EPS rose 20 percent. Target raised its full-year 2026 net sales growth outlook to around 5 percent and set a full-year EPS range of $9.90 to $10.90, which includes the refund benefit.
- Q2 net sales of $26.5 billion rose 5.3 percent; comparable sales grew 3.8 percent, with digital comparable sales up 8.7 percent.
- Q2 operating income was $2.6 billion versus $1.3 billion last year, including the $994 million tariff refund benefit.
- Full-year 2026 EPS guidance is $9.90 to $10.90, including about $1.65 of Q2 tariff refund benefit; the company excludes potential future refunds from guidance.
- No stock was repurchased in Q2; about $8.3 billion remained under the repurchase program approved in August 2021.
Read the filing on SEC.gov ↗
Aug 14, 4:42 PM ET
On August 14, 2026, Target entered into a five-year, $4.0 billion unsecured revolving credit agreement that expires August 14, 2031, with two one-year extension options. On the same date, Target terminated its prior $3.0 billion five-year credit agreement and its $1.0 billion 364-day credit agreement, which were scheduled to expire in 2028 and October 2026. The filing says the other terms of the terminated agreements were substantially similar to the new facility, and it includes a leverage ratio covenant.
- New $4.0 billion unsecured revolving credit facility expires August 14, 2031, with two one-year extension options.
- Target may increase commitments by up to an additional $1.0 billion, subject to conditions.
- Terminated a $3.0 billion facility dated October 18, 2021 (scheduled to expire October 18, 2028) and a $1.0 billion 364-day facility (scheduled to expire October 8, 2026).
- Includes a leverage ratio financial covenant; obligations may be accelerated if an event of default is not cured or waived.
Read the filing on SEC.gov ↗
Jul 22, 4:16 PM ET
Target's Board of Directors elected Joe DePinto, former president and CEO of 7-Eleven, Inc., as a director on July 18, 2026, effective August 1, 2026. The filing says he will also serve on the Audit & Risk Committee and the Infrastructure & Finance Committee and will receive the standard non-employee director pay described in Target's 2026 proxy statement. The filing reports no financial results or other financial figures.
- Joe DePinto elected to Target's Board by the Board on July 18, 2026, effective August 1, 2026
- Appointed to the Audit & Risk Committee and the Infrastructure & Finance Committee, both effective August 1, 2026
- DePinto, 63, was CEO of 7-Eleven, Inc. from 2005 to December 2025; the filing names prior roles at GameStop and PepsiCo
- Filing states no related person transactions with Target and no arrangements under which he was selected
Read the filing on SEC.gov ↗
Jun 12, 4:20 PM ET
At its June 10, 2026 annual meeting, Target's shareholders elected twelve directors for one-year terms, ratified Ernst & Young LLP as fiscal 2026 auditor, and approved the amended and restated 2020 Long-Term Incentive Plan. Three shareholder proposals on board chair independence, pesticides in private label brands, and plastic microfiber shedding were not approved.
- Director support ranged from 87.2% (Brian C. Cornell) to 99.1% (Michael J. Fiddelke) of votes cast For or Against.
- Shareholders approved the incentive plan with 95.0% For; the advisory vote on executive compensation received 89.0% For.
- Ernst & Young LLP was ratified as fiscal 2026 independent registered public accounting firm with 93.5% For.
- A proposal requiring an independent Board Chair received 38.1% For and 61.4% Against; the pesticide and microfiber proposals received 16.9% and 18.4% For.
Read the filing on SEC.gov ↗
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