Target Reports First Quarter Of Sales Growth In More Than A Year

While still in early stages, Target’s efforts to revitalize the business appear to be paying off.

The retailer reported its first quarter of net sales growth after at least six quarters of year-over-year declines. Net sales grew 6.7% from the first quarter of 2025 to the first quarter of 2026.

“We’re encouraged that this top-line growth was broad-based, with growth across both stores and digital channels, led by traffic, net sales increases in all six of our core merchandise categories, broad-based strength across all guests and regions, and momentum around both seasonal events and everyday moments,” Target CEO Michael Fiddelke told reporters on Tuesday ahead of the earnings announcement.

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