TARGET (TGT) Company Report

Target app in ChatGPT will let consumers shop directly within ChatGPT in a beta launching next week, offering curated browsing and multi-item purchasing.
The experience supports fresh food shopping, personalized recommendations and multiple fulfillment options (Drive Up, Order Pickup or shipping).
Built in partnership with OpenAI, this initiative complements Target’s broader AI deployments, such as enterprise ChatGPT for supply chain forecasting and store operations.
Target operates nearly 2,000 stores and commits 5% of its profits to communities, underscoring its scale and social investment.

1 day ago

Press Release

Target reports Q3 profit decline, EPS beats estimates

TGT

Earnings

Guidance Update

Demand Weakening

Q3 revenue: $25.3 billion, down 1.4–1.6% year-over-year, aligning with analyst expectations.
Net income of $689 million ($1.51/diluted share) vs $854 million ($1.85/share) in prior year; adjusted EPS of $1.78 surpassed estimates.
Full-year adjusted EPS guidance cut to $7.00–$8.00 per share, below earlier outlook.
Balance sheet shows liquidity strain: current ratio 0.99 and debt-to-equity 1.3.
Expects low-single-digit same-store sales decline in the holiday quarter amid ongoing headwinds.

1 day ago

Bloomberg

Target cuts profit forecast, plans $5B store investment

TGT

Guidance Update

Profit Warning

New Projects/Investments

Target reported a 19% decline in net income and $25.27 billion in revenue for the quarter ended November 1, with comparable store sales down 2.7%, marking a third consecutive quarter of declines.
The company lowered its full-year profit guidance to $7–8 per share, down from a previous ceiling of $9, citing weakened consumer demand and a shift toward discounted essentials.
Target plans a $5 billion investment in 2026 to modernize stores and integrate AI technologies, including a partnership with OpenAI for ChatGPT-enabled purchases.
Brick-and-mortar sales, which account for about 80% of revenue, continue to decline despite digital growth, contributing to a 35% year-to-date drop in stock price.

1 day ago

Bloomberg

Target reports Q3 2026 results

TGT

Earnings

Guidance Update

New Projects/Investments

Q3 net sales declined 1.5% year-over-year, with comparable store sales down 4% and digital sales up 2.4%; GAAP EPS was $1.51, and adjusted EPS was $1.78, a 4% decrease from last year.
Gross margin rate of 28.2% was 10 basis points below prior year, driven by higher markdowns partly offset by inventory shrink improvements, which are expected to deliver 80–90 basis points of full-year margin benefit to pre-pandemic levels.
For Q4, Target expects a low-single-digit comparable sales decline and full-year adjusted EPS of $7.00–$8.00, with GAAP EPS estimated about $0.70 higher due to a litigation settlement.
Capital expenditures totaled $2.8 billion through Q3, with full-year CapEx of ~$4 billion; 2026 CapEx is planned at $5 billion (up 25%), focusing on new stores, remodels, technology, and digital fulfillment.
Management reiterated three strategic priorities—design-led merchandising authority, elevated guest experience, and enhanced technology—and noted the elimination of 1,800 headquarters roles (8%) to simplify decision-making and improve agility.

1 day ago

Transcript

Target announces Q3 2026 results

TGT

Earnings

Demand Weakening

New Projects/Investments

Target’s net sales declined 1.5% year-over-year, with comparable sales down 2.7%.
Adjusted EPS of $1.78 was about 4% lower than the prior year, while GAAP EPS was $1.51.
Digital comparable sales rose 2.4%, driven by over 35% growth in same-day delivery and a nearly 50% increase in Target Plus GMV.
In-stock availability of top items improved by over 150 basis points, and next-day delivery now covers more than half of the U.S. population.
The company plans to invest an additional $1 billion in 2026, with approximately $5 billion in planned capital expenditures.

1 day ago

Presentation

Target Reports Q3 2026 Results and Updates

TGT

Earnings

Guidance Update

New Projects/Investments

Prioritized design-led merchandising, elevated guest experience, and technology to drive sustainable growth; implemented HQ restructuring cutting ~1,800 roles (~8%) to streamline decision-making.
Q3 net sales down 1.5%, comparable sales down 2.7%, digital comp sales up 2.4%; GAAP EPS $1.51, adjusted EPS $1.78.
Improved on-shelf availability by 150 bps for top 5,000 items and expect 80–90 bps of full-year gross margin benefit from inventory shrink improvement.
Maintained Q4 comp sales guidance of low-single-digit decline; narrowed full-year adjusted EPS to $7.00–8.00; planning FY2026 CapEx of ~$5 billion (↑25% vs. FY2025) to fund store remodels, tech, and new openings.

1 day ago

Transcript

Target reports Q3 2026 results and strategic update

TGT

Earnings

Guidance Update

New Projects/Investments

Q3 financials: net sales down 1.5%, comparable store sales –4%, digital sales +2.4% (including >35% growth in same-day delivery); gross margin rate 28.2%, SG&A 21.9%, GAAP EPS $1.51, adjusted EPS $1.78 (–4% YoY).
Inventory & margins: ending inventory 2% lower YoY; shrink improvements drove ~70 bps benefit in Q3 gross margin, with 80–90 bps of full-year favorability still expected.
Guidance & capital: Q4 comps expected to decline low-single-digits; full-year adjusted EPS guidance $7.00–$8.00; FY2026 CapEx to increase ~25% to $5 billion (vs $4 billion in FY2025).
Strategic actions: eliminated ~1,800 HQ roles (~8%) to boost agility; advancing three priorities—merchandising authority, elevated shopping experience, and technology—via AI tools (Trend Brain, synthetic audiences) and conversational curation with OpenAI; expanding same-day delivery to ~80% of U.S. and next-day shipping to >50% of U.S..

1 day ago

Transcript

Target reports Q3 fiscal 2026 results

TGT

Earnings

Guidance Update

Share Buyback

Target’s third quarter net sales were $25.3 billion, down 1.5% year-over-year; GAAP EPS was $1.51 and adjusted EPS $1.78.
Comparable sales decreased 2.7%, led by a 3.8% decline in store sales, partially offset by 2.4% digital growth; non-merchandise sales rose 17.7%.
Third quarter operating income was $948 million (margin 3.8%), versus $1.17 billion (4.6%) last year; adjusted operating margin was 4.4%.
Maintained Q4 guidance for a low-single digit sales decline; full-year GAAP EPS is expected at $7.70–$8.70, with adjusted EPS $7.00–$8.00.
Returned capital with $518 million of dividends and $152 million of share repurchases in Q3; approximately $8.3 billion remains under the repurchase authorization.

1 day ago

8-K

Target reports third quarter 2025 results

TGT

Earnings

Guidance Update

Demand Weakening

Net sales of $25.3 billion, down 1.5% year-over-year; comparable sales declined 2.7% (stores –3.8%, digital +2.4%)
Third quarter GAAP diluted EPS of $1.51 versus $1.85 last year; Adjusted EPS of $1.78, excluding non-recurring charges
Operating income of $0.9 billion, down 18.9%, with margin of 3.8% (4.4% excluding non-recurring items)
Maintained fourth-quarter sales outlook of a low-single-digit decline; full-year GAAP EPS guidance revised to $7.70–$8.70 and Adjusted EPS to $7.00–$8.00

2 days ago

Press Release

TIAN RUIXIANG acquires REN Talents Inc.

TGT

M&A

TIAN RUIXIANG Holdings Ltd. entered into a definitive agreement to acquire REN Talents Inc., issuing 3,211,010 Class A shares at $2.18 per share.
The transaction is expected to close on or about November 5, 2025.
REN Talents Inc. is a global creative brand agency founded in 2021 with offices in New York, Shanghai and Paris, providing brand strategy, marketing activation and content development services.
The acquisition supports TRX’s globalization strategy by integrating insurance services into a new “Insurance + Brand + Lifestyle” ecosystem across U.S. and European markets.

Nov 5, 2025, 2:00 PM

Press Release

Filings & Transcripts

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