Target Corp

Company facts

Industry

Retail-Variety Stores

Headquarters

Minneapolis, Minnesota

Most recent report

10-Q, filed Aug 28, 2026

Incorporated

Minnesota

Filings on record

1,001+ filings

On EDGAR

CIK 27419

Fiscal year ends

February

Filer status

Large accelerated filer

What to read: Aug 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 3 positive, 4 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Core financials with major one-time items: $994M tariff refund, doubling of net earnings.
  Notable

  • Recognized $994M tariff refund in Q2 2026, reducing cost of sales. One-time, not recurring.
  • Prior year Q1 2025 had $593M gain from interchange fee settlements; no repeat in 2026.
  • Secured a new $4.0B revolving credit facility expiring 2031, replacing $4.0B of existing facilities. Undrawn.

• Management's Discussion (Item 2)

  Real results with tariff distortions; no buybacks and tariff uncertainty are key.
  Positive

  • Net sales $26.5B, up 5.3%, driven by comparable sales +3.8% and traffic +3.6% in Q2 2026.
  • Non-merchandise sales +20.1%, driven by Roundel digital ad business in Q2 2026.
  • GAAP EPS $4.11, up 100.3% in Q2 2026, including $1.65 per share from after-tax tariff refunds.
  Notable

  • No share repurchases in H1 2026, after buying shares in prior periods.
  Negative

  • Uncertainty on additional tariff refunds and new U.S. tariffs may materially impact future results.

What changed: Aug 2026 vs. May 2026

About 8% of TGT's Aug 2026 10-Q is new information. 22 paragraphs were added, 71 changed, and 15 removed. Below are the most important lines SECSift identified.

• Item 2 39
• Item 1 20
• Item 6 4
• Item 1A 1