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]

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... ...

Core Insights - Target is implementing price cuts on 3,000 food and household items to address declining sales and support families during the holiday season [1][4] - The company has significantly expanded its holiday product assortment, adding 20,000 new gifts, including thousands of toys priced under $20 [2][4] - Target's new CEO, Michael Fiddelke, is adopting a cautious approach to navigate the current economic challenges and has revised the full-year profit forecast down to $7 to $8 per share [8][10] Sales Performance - Target experienced a 2.7% decline in store sales and a 1.5% drop in total revenue in the latest quarter [6] - Adjusted earnings per share fell by 4% compared to the previous year, indicating ongoing financial struggles [6] Strategic Initiatives - The company is cutting approximately 1,000 corporate positions and eliminating 800 open roles to streamline decision-making and drive growth [11] - Target is investing $5 billion by 2026, which is about 25% more than in 2025, aimed at remodeling stores, building new large-format stores, and enhancing supply chain and technology [13] Market Context - The retail sector is facing challenges as consumers cut back on discretionary spending due to economic pressures, impacting retailers like Target that rely heavily on such products [5]

Financial Performance - Target 调整了 2025 年的利润预期 [1] Company Strategy - Target 的扭亏为盈计划将需要更多时间 [1]

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. ...