Core Insights - Target (TGT) reported quarterly earnings of $1.78 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, but down from $1.85 per share a year ago, indicating an earnings surprise of +1.14% [1] - The company posted revenues of $25.27 billion for the quarter ended October 2025, missing the Zacks Consensus Estimate by 0.36% and down from $25.67 billion year-over-year [2] - Target shares have declined approximately 34.5% year-to-date, contrasting with the S&P 500's gain of 12.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $30.61 billion, and for the current fiscal year, it is $7.32 on revenues of $105 billion [7] - The estimate revisions trend for Target was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting performance in line with the market in the near future [6] Industry Context - The Retail - Discount Stores industry, to which Target belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Target is focusing on customer experience (CX) improvements as a key strategy to return to sales growth under the leadership of incoming CEO Michael Fiddelke [3][4][6] - Comparable store sales decreased by 3.8% year-over-year in Q3 2025, with net sales down 1.5% to $25.3 billion [3][4] - The company plans to invest $1 billion in 2026 to support new store openings and remodels [4] Investment and Strategy - Target's investment will prioritize revamped store operations and new technology to enhance customer experience [4][6] - The retailer aims to reduce time spent on backroom tasks, allowing associates to focus more on customer interactions [6] - Lower-traffic stores will handle more digital order fulfillment, while higher-traffic stores will focus on in-store customer engagement [6] Technology and Operations - Target is modernizing its technology for inventory management, improving availability for its 5,000 most frequently purchased items by over 1.5% year-on-year [5][6] - The focus is on ensuring that frequently purchased items are in stock to enhance customer satisfaction [5] - Enhanced digital tools are being implemented to support associates in providing better customer service [5]

Core Viewpoint - Target Corporation reported a third-quarter profit that exceeded expectations but experienced disappointing sales, leading to a reduction in its full-year earnings outlook as it approaches the critical holiday season [1]. Financial Performance - The company reported third-quarter adjusted earnings per share of $1.78, surpassing the analyst consensus estimate of $1.72 [2]. - Quarterly sales amounted to $25.27 billion, reflecting a 1.5% year-over-year decline and falling short of the expected $25.337 billion, attributed to a 1.9% decrease in merchandise sales [3]. - Third-quarter operating income was $900 million, down 18.9% from the previous year, with an operating margin rate of 3.8%, compared to 4.6% in the same period last year [7]. - Gross margin for the third quarter was 28.2%, slightly lower than last year's 28.3%, primarily due to higher markdowns [7]. - The company tightened its 2025 adjusted EPS outlook to $7.00–$8.00, down from $7.00–$9.00, and below the $7.36 consensus estimate [9]. Debt and Cash Position - Long-term debt and other borrowings increased to $15.366 billion at the end of the third quarter, compared to $14.346 billion in the previous year [8]. - Cash and equivalents at the end of the quarter were $3.822 billion, up from $3.433 billion a year earlier [8]. Sales and Digital Performance - Non-merchandise sales rose nearly 18%, with significant growth in Roundel, memberships, and marketplace [6]. - Digital sales grew by 2.4%, driven by over 35% growth in same-day delivery through Target Circle 360 [6]. - Comparable sales decreased by 2.7% in the third quarter, with a comparable store sales decline of 3.8%, partially offset by a 2.4% growth in comparable digital sales [6]. AI and Technology Initiatives - Target is expanding its partnership with OpenAI, introducing a new Target app within ChatGPT that offers curated recommendations and checkout options [4]. - The company is utilizing ChatGPT Enterprise across its headquarters, with 18,000 employees using the platform to enhance workflows and support tools [4]. - AI is increasingly influencing supply-chain forecasting, store operations, and digital experiences [5]. Outlook and Strategy - For the fourth quarter of 2025, the company maintains its expectation of a low-single-digit decline in sales [10]. - The company is focused on strengthening merchandising authority, enhancing the shopping experience, and leveraging technology for improved operational efficiency [11].

智通财经APP获悉，塔吉特(TGT.US)公布了第三季度财务业绩。该公司第三季度的盈利超过了分析师预 测的平均值，但关键的零售指标——同店销售额的增幅却低于预期。Q3营收同比下降1.4%至253亿美 元，与预期一致。非GAAP每股收益为1.78美元，高于预期。三季度同店销售额下降 2.7%，不及市场预 期的下降 2.1%的水平。 Q3营业利润下降了 18.9%，至 9 亿美元。若不计入一次性项目，营业利润为 11 亿美元。塔吉特的毛利 率下降了 10 个基点至 28.2%，这反映出由于降价幅度扩大而带来的商品销售压力，但这一压力部分被 广告及其他收入的增长、库存损失的降低以及供应链和数字配送效率的提升所抵消。 展望未来，塔吉特下调了 2025 年的利润预期，这表明其扭亏为盈的努力将需要更多时间，这家大型零 售企业正面临着商品降价以及关键商品领域需求疲软的局面。该公司目前预计，剔除某些项目后，今年 每股收益将在 7 美元至 8 美元之间，此前指引为7美元至9美元。 塔吉特在三季度回购了 1.52 亿美元股票，以平均每股 91.59 美元的价格注销了 170 万股普通股。截至三 季度末，塔吉特在 2021 年 8 ...

Core Insights - Target Corporation reported its third-quarter fiscal 2025 earnings, continuing a trend of declining sales that has persisted for years [1] - The company's net sales fell short of analyst expectations, while adjusted earnings per share slightly exceeded forecasts [2] Financial Performance - Net sales for Q3 2025 were $25.3 billion, a decrease of 1.4% from the same period in 2024 [6] - Adjusted earnings per share (EPS) were $1.78, down from $1.85 in the same period in 2024 [6] - Operating income was reported at $948 million, reflecting an 18.9% decline [6] - Net earnings amounted to $689 million, a decrease of 19.3% [6] Market Challenges - Target faces multiple challenges, including stagnant or declining sales driven by broader economic factors such as inflation and rising cost-of-living expenses [3][4] - Increased competition from other big-box retailers like Walmart and online platforms such as Amazon, Temu, and Shein has intensified the pressure on Target [4] Customer Experience Issues - Unique challenges for Target include customer complaints regarding store layouts, long lines, and understaffing, which have negatively impacted customer service perceptions [5]

Net sales were 1.5% lower than 2024, and comparable sales declined 2.7%. Bottom line results Home / News & Features COMPANY Q3 2025 Results and Positioning Target for Its Next Chapter of Growth Nov 19, 2025| 5-minute read Copy link to share C- This morning, Target announced our third quarter 2025 earnings. Check out the full results and read on for a snapshot. Q3 2025 results were in line with our expectations Topline sales Adjusted EPS* of $1.78 was about 4% lower than last year, and GAAP EPS was $1.51. Gr ...

Financial Performance - Third quarter net sales were $25.3 billion, a decrease of 1.5% compared to 2024[4] - GAAP earnings per share (EPS) for the third quarter was $1.51, down from $1.85 in the previous year, while adjusted EPS was $1.78[3] - Comparable sales decreased by 2.7% in the third quarter, with a 3.8% decline in comparable store sales, partially offset by a 2.4% growth in comparable digital sales[7] - Non-merchandise sales increased by 17.7%, contributing to overall sales despite a 1.9% decrease in merchandise sales[7] - The third quarter operating income was $0.9 billion, an 18.9% decrease from the previous year, with an operating margin rate of 3.8%[8] - Net earnings for the nine months ended November 1, 2025, were $2,660 million, a decrease from $2,988 million for the same period in 2024, representing a decline of 11%[22] - Total net sales for the nine months ended November 1, 2025, were $74,327 million, down from $75,651 million in the prior year, reflecting a decrease of 1.8%[23] - Comparable sales for the three months ended November 1, 2025, decreased by 2.7% compared to an increase of 0.3% in the same period last year[27] - Net earnings for the three months ended November 1, 2025, were $689 million, a decrease of 19.3% compared to $854 million for the same period in 2024[33] - EBIT for the nine months ended November 1, 2025, was $3,805 million, down 8.9% from $4,176 million in the prior year[33] - EBITDA for the three months ended November 1, 2025, was $1,747 million, reflecting a decline of 10.5% from $1,950 million in the same quarter of 2024[33] Guidance and Expectations - The company expects a low-single digit decline in sales for the fourth quarter of 2025, with full-year GAAP EPS projected to be between $7.70 and $8.70[6] - The company expects full-year 2025 GAAP diluted EPS guidance to be between $7.70 and $8.70, with adjusted diluted EPS guidance of approximately $7.00 to $8.00[31] Tax and Capital - The effective income tax rate for the third quarter was 19.8%, down from 21.7% in the prior year, due to additional tax credits[10] - After-tax return on invested capital (ROIC) for the trailing twelve months was 13.4%, compared to 15.9% for the same period in 2024[13] - The company added $1,984 million in long-term debt during the nine months ended November 1, 2025, compared to $741 million in the same period of 2024[22] - Invested capital as of November 1, 2025, totaled $32,102 million, an increase from $30,802 million in the prior year[35] - The current portion of long-term debt and other borrowings was $1,133 million as of November 1, 2025, compared to $1,635 million a year earlier[35] - The average invested capital for the trailing twelve months ended November 1, 2025, was $31,451 million, compared to $30,376 million for the prior year[35] Shareholder Actions - The company repurchased $152 million of its shares in the third quarter, retiring 1.7 million shares at an average price of $91.59[12] Operational Metrics - The gross margin rate for the three months ended November 1, 2025, was 28.2%, slightly down from 28.3% in the same period of 2024[24] - The company reported a decrease in cash provided by operating activities to $3,485 million for the nine months ended November 1, 2025, compared to $4,078 million in the prior year, a decline of 14.5%[22] - The adjusted diluted earnings per share (EPS) for the nine months ended November 1, 2025, was $5.13, down 20.5% from $6.45 in the same period of 2024[30] - Digitally originated comparable sales increased by 2.4% for the three months ended November 1, 2025, compared to a 10.8% increase in the same period last year[27] - Target Circle Card penetration decreased to 16.9% for the three months ended November 1, 2025, from 17.7% in the same period last year[28] - Total depreciation and amortization for the nine months ended November 1, 2025, was $2,331 million, up 5.2% from $2,215 million in the same period of 2024[33] - Net interest expense for the three months ended November 1, 2025, was $115 million, an increase of 8.5% from $105 million in the same quarter of 2024[33] - The company reported a decrease in income taxes for the three months ended November 1, 2025, amounting to $170 million, down 28.4% from $237 million in the same period of 2024[33]

Group 1 - Target is set to be one of the first retailers to offer shopping flexibility through ChatGPT, as announced by COO and incoming CEO Michael Fiddelke during an earnings call [3] - The initiative aims to enhance customer experience by making shopping through ChatGPT as intuitive and enjoyable as in-store browsing, according to Prat Vemana, Target's chief information and product officer [4] - Target has already been utilizing OpenAI technologies and has trained its staff with the help of OpenAI [4] Group 2 - OpenAI is actively collaborating with retailers, including Walmart, to enhance commerce features within ChatGPT, with Walmart recently announcing its integration of the Instant Checkout feature [5] - The Instant Checkout function was initially launched with Etsy and Shopify in September for U.S. ChatGPT users, allowing for single-item purchases [6] - Target's move into ChatGPT commerce comes as the company faces declining sales, with merchandise sales dropping by 1.9% and store comps declining by 3.8% in the third quarter [7] Group 3 - Target plans to launch a beta version of its app on OpenAI's ChatGPT, enabling customers to make multi-item purchases and buy fresh food products, with various fulfillment options available [8] - The app will provide personalized recommendations and allow users to connect their Target accounts for a seamless shopping experience [8] - Future updates to the ChatGPT application will include linking Target Circle accounts and offering same-day delivery options [8]

Shares of Target fell in early Wednesday trading, after the discount retailer topped fiscal third-quarter profit expectations but disappointed on a key sales metric, noting a decline in both traffic a... ...

Altamira Gold Intersects High Grade Gold Mineralization Within a Second New Porphyry Body at Morro Verde Target, Cajueiro District, BrazilNovember 19, 2025 7:20 AM EST | Source: Altamira Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCQB: EQTRF), ("Altamira" or the "Company") is pleased to report assay results from recent reconnaissance drill holes at the Morro Verde target, located within the Company's Cajueiro Dis ...