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 ...

Target is grappling with another quarter of falling sales as US shoppers continue to rein in discretionary spending, weighing on the retailer's financial performance and prompting a cut to its full-ye... ...