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Target TGT Beauty — Net Sales

Other product segments

Food & beverage
$6.26B+6.1%
Household essentials
$4.57B+4.9%
Apparel & accessories
$3.85B+3.6%
Hardlines (Fun 101)
$3.52B+14.6%
Home furnishings & décor
$3.24B+0.6%
Advertising revenue
$246M+50.9%
Other
$173M+26.3%
Credit card profit sharing
$130M-7.8%
Other merchandise sales
$56M+40.0%

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$3.98B+6.5%
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$285.78M+65.3%
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KVUESkin Health and Beauty — Net Sales
$1.11B+5.1%
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GISPet — Net Sales
$746.6M+5.8%
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WNCNew trailers — Net Sales
$317.05M+1.6%

Other financials

Income statement

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Revenue$25.4B+6.7%
Gross profit$7.4B+9.9%
Operating income$1.1B-22.9%
Net income$781.0M-24.6%
EPS (diluted)$1.71-24.7%

Balance sheet

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Cash & equivalents$3.5B+22.4%
Total debt$18.8B-1.1%
Total equity$16.4B+9.7%
Total assets$58.0B+3.2%

Cash flow

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Operating cash flow$716.0M+160%
CapEx$1.0B+31.0%
Free cash flow-$319.0M+38.1%

Valuation

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Market cap$67.99B+43.9%
Enterprise value$83.29B+31.4%
P/E19.7×+8.4×
P/S0.6×+0.2×

Profitability

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Gross margin28.1%+0.1pp
Operating margin4.5%-0.9pp
Net margin3.2%-0.7pp
FCF margin2.8%-0.5pp

Returns & leverage

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Return on equity22%-7.1pp
Debt / equity1.1×-0.1×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Target in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Target’s 10-Q, filed May 29, 2026.

Filed
May 29, 2026, 3:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000027419-26-000022
Net Sales / (millions)Three Months Ended / May 2, 2026Three Months Ended / May 3, 2025
Apparel & accessories (a)$3,846$3,711
Beauty (b)3,3983,101
Food & beverage (c)6,2635,902
Hardlines (Fun 101) (d)3,5223,074
Home furnishings & décor (e)3,2393,220
Household essentials (f)4,5704,357
Other merchandise sales5640
Merchandise sales24,89423,405

Item 1. Financial Statements (unaudited)

FAQ

What is Target's beauty — net sales?
Target (TGT) reported beauty — net sales of $3.4B in Q1 2026.
How has Target's beauty — net sales changed year-over-year?
Target's beauty — net sales increased by 9.6% year-over-year, from $3.1B to $3.4B.
What is the long-term trend for Target's beauty — net sales?
Over 3 years (2022 to 2025), Target's beauty — net sales has grown at a 6.0% compound annual growth rate (CAGR), from $11.09B to $13.21B.
What does beauty — net sales mean?
This metric represents the total revenue generated from the sale of beauty, personal care, and related grooming products within the retail segment. It reflects consumer demand for discretionary and essential personal care items, serving as a key indicator of the company's ability to drive traffic through trend-focused product assortments. This revenue stream is critical for assessing the brand's competitive positioning in the high-frequency, high-margin beauty category.

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