Core Insights - Target's third-quarter earnings exceeded expectations, indicating a resilient performance despite market challenges [1] - The company has adjusted its fiscal year guidance downward due to increased volatility and inconsistent consumer demand [1] Financial Performance - Target reported third-quarter earnings that were slightly better than anticipated, showcasing the company's ability to navigate a challenging retail environment [1] - The adjustments in guidance reflect concerns over demand fluctuations and market conditions impacting future performance [1] Market Conditions - The retailer is facing volatility in the market, which has led to a cautious outlook for the remainder of the fiscal year [1] - Choppy demand patterns are influencing the company's strategic decisions and financial forecasts [1]

Core Insights - Target reported a larger-than-expected decline in quarterly comparable sales, indicating a significant pullback in discretionary spending by cash-strapped U.S. consumers [1] Company Summary - The decline in sales was primarily driven by reduced consumer spending on apparel and home decor, reflecting broader economic challenges faced by consumers [1]

The retailer lowered its expected profit range for the full year as net sales fell 1.5% in the third quarter. ...

Target (TGT) is the latest retailer to announce a partnership with OpenAI (OPAI.PVT) as Americans switch out traditional search engines for ChatGPT this holiday season. The partnership, set to launch next week as a test, will enable customers to tag Target in ChatGPT and share what they're looking for. For example, customers can ask ChatGPT: "Help me plan a holiday movie night." Customers will then be able to access Target's assortment right on the AI platform and add items to their cart based on the rec ...

Core Insights - Target has issued warnings about its business performance, cutting its full-year profit guidance and anticipating a weak holiday season due to consumer affordability issues [1][2] Financial Performance - Net sales decreased by 1.5% year over year to $25.3 billion, slightly above estimates of $25.04 billion [7] - Gross profit margin was 28.2%, compared to 28.3% a year ago and above estimates of 27.51% [7] - Diluted earnings per share fell by 3.9% year over year to $1.78, surpassing estimates of $1.73 [7] - Comparable sales dropped by 2.7% year over year, contrasting with an estimate of +0.3% [7] - Digital comparable sales increased by 2.4% [7] Consumer Behavior - Consumers are being selective with their spending, focusing on essentials and seeking deals on discretionary items [2] - The number of transactions has declined year over year, with sales falling in discretionary categories like beauty and home furnishings [3] Strategic Initiatives - Target plans to increase capital expenditures by 25% in 2026 to enhance store appearances [3] - The company recently reduced prices on 3,000 food and household essential items [3] Leadership Changes - Incoming CEO Michael Fiddelke, a veteran of Target, will officially take over on February 1, 2026, expressing confidence in navigating the evolving macroeconomic environment [4] Analyst Sentiment - Most analysts maintain a Neutral or Sell rating on Target's stock, despite a 35% decline this year [5] - Concerns include long-term sales and margin risks due to slowing digital sales growth, tariff impacts, and competitive pressures from Walmart and Amazon [5][6]

Target (TGT) has consistently delivered on one thing in 2025. Serving up brutal warnings about its business on earnings days. The discount retailer slashed its full-year profit guidance on Wednesday and warned of a tepid holiday season as strapped consumers battle through an affordability crisis for food, healthcare, and housing. "Many of the themes remain largely consistent with what we've shared in prior quarters. Guests are choiceful, stretching budgets and prioritizing value. They're spending where ...

Target is betting a billion-dollar facelift will improve its fortunes after a rough couple of years. The Minneapolis-based retailer posted its earnings on Wednesday, its 10th quarter in the past 12 with negative or flat comparable sales, and cautioned that the critical fourth quarter will likely be down as well."We're far from satisfied with our current results, and we won't be satisfied until we're operating at our full potential," incoming CEO Michael Fiddelke said in a call with reporters. Third-quarte ...

Target Corporation (NYSE:TGT) will release earnings results for the third quarter, before the opening bell on Wednesday, Nov. 19.Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings of $1.71 per share, down from $1.85 per share in the year-ago period. The consensus estimate for Target's quarterly revenue is $25.29 billion. Benzinga Pro data shows $25.67 billion in quarterly revenue a year ago.On Aug. 20, the company reported second-quarter adjusted earnings per share of $2.0 ...

Earnings Expectations - Nvidia Corp. is expected to report quarterly earnings of $1.25 per share with revenue of $54.84 billion [2] - Target Corp. is projected to post quarterly earnings of $1.72 per share on revenue of $25.34 billion [2] - La-Z-Boy Inc. reported better-than-expected earnings for the second quarter and anticipates third-quarter sales between $525 million to $545 million [2] - TJX Companies Inc. is projected to report quarterly earnings of $1.22 per share on revenue of $14.85 billion [2] - Lowe's Companies Inc. is expected to post quarterly earnings of $2.97 per share on revenue of $20.84 billion [2] Stock Performance - Nvidia shares fell 2.8% to close at $181.36 [2] - Target shares rose 0.1% to close at $88.53 [2] - La-Z-Boy shares gained 0.9% to close at $29.59 [2] - TJX shares gained 0.3% to close at $145.58 [2] - Lowe's shares fell 2.4% to close at $219.57 [2]

Recent trends show an increase in Target's stock price target from $96.5 last quarter to $115 last month, with Deutsche Bank setting a notably higher target of $294. Despite a quarter-over-quarter decrease in the average price target, the recent upward trend suggests a potential recovery or renewed confidence in Target's prospects. Target's strategic initiatives, including expanding its digital presence and enhancing customer experience, are crucial for meeting profit targets and gaining a competitive adva ...