Target fulfills nearly 30% more fast orders in Q2

Target reported that fulfilled same-day and next-day units rose nearly 30% year over year in the second quarter of fiscal 2026. Same-day delivery expanded by more than 25%, helping drive an 8.7% increase in comparable digital sales.

Physical stores remain the core of this operation, fulfilling more than 95% of Target's sales. The retailer is also using Proxima, a digital twin of its middle-mile inventory positioning system, to test flow plans before rolling them out. Target said overall inventory reliability metrics reached multiyear highs, while availability for its most frequently purchased items reached its strongest level in recent years.

Target shares have gained 16.6% over the past three months, compared with a 3% decline across the broader industry. The company's forward 12-month price-to-earnings ratio is 15.83, below the industry level of 27.18 and above its own 12-month median of 14.89.

According to the Zacks Consensus Estimate, Target is projected to grow sales by 5.1% and earnings per share by 37.8% in the current fiscal year. For the next fiscal year, the consensus points to a 3.1% rise in sales alongside a 9.5% decline in earnings per share.