Target reported second-quarter net sales of $26.5 billion, up 5.3% from a year earlier, as comparable sales rose 3.8% on a 3.6% increase in comparable traffic. Store comparable sales increased 2.7% and digital comparable sales rose 8.7%, helped by more than 25% growth in same-day delivery. All six core merchandising categories posted year-over-year sales growth, including double-digit gains in Fun 101 and high single-digit growth in Food & Beverage and Beauty. Non-merchandise sales climbed more than 20% on strength in Roundel advertising, Target Circle 360 memberships and the Target+ marketplace. GAAP and adjusted diluted EPS doubled to $4.11 from $2.05, including about $1.65 per share from $994 million of pretax tariff refund benefits. Excluding tariff refunds, EPS rose 20% year over year. Operating income increased to $2.6 billion and operating margin expanded to 9.6%. Target raised its 2026 outlook, expecting net sales growth of around 5%, an operating margin rate of around 6% and GAAP and adjusted EPS of $9.90 to $10.90, including the tariff refund benefit.