Target (TGT) Q2 2026 (USD): Adj. EPS 4.11 (exp. 2.32), Revenue 26.5bln (exp. 26.12bln); lifts FY outlook to include tariff refunds, Adj. EPS 9.90-10.90 (prev. guided 7.50-8.50, exp. 8.52)

Other Metrics: SSS 2.7% (exp. 2.4%) Second quarter SG&A expense rate was 21.6 percent, compared with prior-year SG&A expense rate of 21.3 percent. This increase reflects the impact of higher compensation costs, including additional hours for field teams and higher incentive compensation, as well as planned spending related to capital projects, partially offset by the leverage benefit of strong topline growth. Commentary: "Over the past year, we've reduced prices on more than 10,000 frequently purchased items as part of our commitment to delivering outstanding value every day, while continuing to invest in newness, convenience, and an elevated shopping experience". The Company did not repurchase any stock in the second quarter. As of the end of the quarter, the Company had approximately $8.3 billion of remaining capacity under the repurchase program approved by Target's Board of Directors in August 2021. Guidance Details: Excluding tariff refunds, the midpoint of the guidance range reflects a USD 0.75 increase versus prior guidance.