Net sales rose 6.7% in the first quarter, with comparable sales up 5.6% — the retailer's first positive comp in five quarters
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Net sales rose 6.7% in the first quarter, with comparable sales up 5.6% — the retailer's first positive comp in five quarters
Target (TGT) delivered earnings and revenue surprises of +21.44% and +4.06%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Investing.com -- Target Corporation (NYSE:TGT) shares are trading around 1.4% higher premarket on Wednesday after the company reported first-quarter results that exceeded Wall Street expectations.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported its largest jump in comparable store sales in four years Wednesday. More customers buying in all six of Target’s main merchandising categories helped deliver the better-than-expected sales, the company said. Comparable sales — those coming from stores and digital channels operating for at least 12 months, rose 5.6% in the three-month period ended May 2.
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