Target

Q2 FY2027 EarningsQ2 FY27 beat consensus significantly across all major metrics: revenue was $26.54B vs. $26.14B expected, while diluted EPS of $4.11 tripled expectations of $2.30. The massive earnings beat was primarily driven by a $994 million one-time tariff refund, which boosted gross margin to 33.7% against a 29.6% consensus. Comparable sales grew 3.8% YoY, led by a 3.6% increase in traffic, indicating resilient consumer demand despite inflationary pressures.