Target's in-store grocery reset drove sustained traffic gains of 3.6% year over year, with priority categories like snacks and toys posting double-digit growth even after price cuts on over 10,000 items. Revenue beat at $26.54 billion versus $26.32 billion consensus, while EPS reached $2.46 against $2.31 expected, following four quarters of outperformance and lifting shares another 4% post-print. Management highlighted accelerating momentum in seven categories representing half of sales plus new AI partnerships, though durability remains uncertain once resets and limited-time collabs fade.

Company: Target Corporation (TGT) — Q2 FY2026

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