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Source document· May 23, 2026

Target Just Posted Its First Sales Growth in 5 Quarters. So Why Did the Stock Drop Anyway?

View original at finance.yahoo.com
Target Just Posted Its First Sales Growth in 5 Quarters. So Why Did the Stock Drop Anyway? Shares of big-box retailer Target(NYSE: TGT) slid about 4% after the company reported its fiscal first quarter of 2026 (the period ended May 2, 2026) earlier this week…
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  • Target will make more changes to what it sells and how it sells it in 2026 than has been seen in a decade.

    60% confidence
  • Comparable sales rose 5.6% in Q1 FY2026, Target's first positive comparable-sales reading in five quarters and its strongest comparable-sales gain in approximately four years.

    60% confidence
  • Excluding the ~$0.97/share one-time legal settlement gain from Q1 FY2025, adjusted prior-year EPS was approximately $1.30, making Q1 FY2026 EPS of $1.71 represent approximately 32% year-over-year growth.

    60% confidence
  • Business momentum in Q1 FY2026 was broad-based: all six core merchandise categories grew, store traffic rose 4.4%, digital comparable sales jumped 8.9%, and higher-margin non-merchandise revenue grew nearly 25%.

    60% confidence

Data points we hold from this source

Target Corporation · net income781 USD
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
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