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      Target Reports Strong Q2 2026 Earnings, Raises Full-Year Guidance

      Target Corporation has announced its second-quarter earnings for 2026, reporting revenue of $26.54 billion, which exceeds analysts' expectations of $25.5 billion. The company's adjusted earnings per share (EPS) reached $4.11, significantly higher than the anticipated $2.30, marking a 100% increase compared to the same quarter last year. Additionally, Target's gross margin improved to 33.7%, reflecting a 470 basis point increase from the previous year.

      In light of these strong financial results, Target has revised its full-year guidance for 2026, now projecting EPS between $9.90 and $10.90, up from the previous estimate of $7.50 to $8.50. The company also expects net sales growth of 5% year-over-year, indicating increased confidence in its financial outlook for the remainder of the year.

      Despite the positive earnings report, market predictions suggest a slight decrease in the likelihood of a Federal Reserve rate hike by September 2026. The probability of a rate increase for the September meeting has dropped to 27%, down from 28% the previous day and 37% a week prior. The probability for the October meeting stands at 38.5%, reflecting a similar downward trend. Analysts will be closely watching upcoming comments from the Federal Open Market Committee and economic indicators that could influence future rate hike decisions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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