Target(US:TGT) Xin Hua Cai Jing·2025-11-19 17:59Core Insights - Target Corporation reported weak performance in Q3 of fiscal year 2025, leading to a downward revision of its earnings forecast for the fiscal year [2] Financial Performance - Q3 net sales revenue was $25.27 billion, a year-on-year decline of 1.5%, falling short of market expectations of $25.32 billion [2] - Net profit for the same period was $689 million, down 19.3% year-on-year [2] - Gross margin for Q3 was 28.2%, slightly lower than 28.3% in the same period last year [2] - Comparable sales revenue decreased by 2.7%, marking the third consecutive quarter of decline, compared to a 0.3% increase in the same period last year [2] Future Outlook - The company maintains a forecast for low single-digit sales revenue decline in Q4 of the fiscal year [2] - Adjusted earnings per share guidance for the fiscal year was revised down from $7 to $9 to a new range of $7 to $8 [2] Consumer Behavior - Target's Chief Business Officer noted that consumers remain budget-conscious, particularly in food, essentials, and beauty products [3] - The suspension of the Supplemental Nutrition Assistance Program (SNAP) benefits during the federal government shutdown posed challenges to Q3 performance [3]