As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at large-format grocery & general merchandise retailer stocks, starting with Target (NYSE: TGT).

Big-box retailers operate large stores that sell groceries and general merchandise at highly competitive prices. Because of their scale and resulting purchasing power, these big-box retailers–with annual sales in the tens to hundreds of billions of dollars–are able to get attractive volume discounts and sell at often the lowest prices. While e-commerce is a threat, these retailers have been able to weather the storm by either providing a unique in-store shopping experience or by reinvesting their hefty profits into omnichannel investments.

The 4 large-format grocery & general merchandise retailer stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 1.2% below.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Best Q4: Target (NYSE: TGT)

With a higher focus on style and aesthetics compared to other large general merchandise retailers, Target (NYSE: TGT) serves the suburban consumer who is looking for a wide range of products under one roof.

Target reported revenues of $30.45 billion, down 1.5% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

"I'm incredibly proud of how our team navigated through a challenging year in 2025, as they focused on serving our guests while positioning our business for profitable growth in 2026 and beyond," said Michael Fiddelke, chief executive officer of Target Corporation.

Target delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Interestingly, the stock is up 3.4% since reporting and currently trades at $116.98.

Is now the time to buy Target? Access our full analysis of the earnings results here, it’s free.

Costco (NASDAQ: COST)

Designed to be a one-stop shop for the suburban consumer, Costco (NASDAQ: COST) is a membership-only retail chain that sells groceries, apparel, toys, and household items, often in bulk quantities.

Costco reported revenues of $69.6 billion, up 9.2% year on year, outperforming analysts’ expectations by 0.8%. The business performed better than its peers, but it was unfortunately a mixed quarter with a solid beat of analysts’ gross margin estimates but a slight miss of analysts’ EBITDA estimates.

Costco scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 2.6% since reporting. It currently trades at $1,008.

Is now the time to buy Costco? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: BJ's (NYSE: BJ)

Appealing to the budget-conscious individual shopping for a household, BJ’s Wholesale Club (NYSE: BJ) is a membership-only retail chain that sells groceries, appliances, electronics, and household items, often in bulk quantities.

BJ's reported revenues of $5.58 billion, up 5.6% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations.

As expected, the stock is down 2.3% since the results and currently trades at $97.71.

Read our full analysis of BJ’s results here.

Walmart (NASDAQ: WMT)

Known for its large-format Supercenters, Walmart (NASDAQ: WMT) is a retail pioneer that serves a budget-conscious consumer who is looking for a wide range of products under one roof.

Walmart reported revenues of $190.7 billion, up 5.6% year on year. This print met analysts’ expectations. More broadly, it was a slower quarter as it recorded full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.

The stock is flat since reporting and currently trades at $126.27.

Read our full, actionable report on Walmart here, it’s free.

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