Target 2026 earnings and tariff refund boost
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
Target reports $1bn boost from tariff refunds
Businesses are receiving tax rebates on goods imported to the US following a Supreme Court ruling that declared a wave of President Donald Trump's import tariffs unlawful
Estee Lauder said its full-year gross impact of incremental tariffs was $102 million
Target said it received a $994 million pre-tax tariff reimbursement from the US government
“While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline,”
Target reports earnings beat, CEO encouraged by turnaround
Target raised its full-year sales and profit outlooks.
Target's diluted earnings per share was $4.11 in the second quarter.
Target's net sales increased 5.3% year over year to $26.5 billion in the second quarter.
“We laid out a plan for the year that had a lot of change in it — more change to what we were selling and how we were going to sell it than in the last decade. And a couple of quarters in, it's great to see a strong guest response to some of the places we're making changes.”
US retail giant receives $1bn boost from tariff refunds
Target's second quarter operating income doubled to $2.6bn from $1.3bn the prior year.
Estee Lauder recorded a $38m benefit in the cost of sales from tariff refunds in its latest quarterly results.
Estee Lauder's full-year gross impact of incremental tariffs was $102 million.
“While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline,”
Target reports turnaround progress and tariff refund
Target's fiscal second-quarter results included a $752 million boost to net earnings, or $1.65 per share, from tariff refunds
Fiddelke said sustained, durable top- and bottom-line growth over time is the company's goal
Target shares rose 4% in morning trading following the report
“Q2 is an important step forward in the plan we laid out earlier this year to open a new chapter of growth for Target. What you saw from us this quarter reflects the level of change we knew would be needed to put our strategy in motion.”