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... ...

Core Insights - Target's third-quarter profit decreased by 19% as the retailer faces challenges in attracting customers amid high inflation [1][2] - The company anticipates continued sales decline through the holiday shopping season, leading to a 43% drop in stock value over the past year [1] - Incoming CEO Michael Fiddelke is tasked with reversing the sales downturn and restoring Target's reputation for affordable yet stylish products [2] Company Actions - Target is eliminating approximately 1,800 corporate positions, representing about 8% of its corporate workforce, to streamline decision-making and improve customer engagement [3] - To boost sales, Target is introducing over 20,000 new items and lowering prices on thousands of essential products [4] - The company plans to invest $5 billion next year in store remodeling and new store construction [4] Market Comparison - Target's struggles contrast sharply with Walmart's performance, which continues to thrive in the current retail environment [3] - Consumer complaints about store conditions and product offerings have affected Target's brand image, which was previously associated with affordable luxury [5] External Factors - The retail sector has been navigating challenges such as tariffs and immigration policies that impact labor supply [6] - The recent federal shutdown is expected to have a delayed negative impact on the economy, affecting various sectors including retail [6]

Target’s plan to fix its continuing sales slump involves billions of dollars in investment https://t.co/omRDHXAYm6 ...

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]