Target Q3 GAAP EPS $2.10 beats guidance; revenue $25.4B (-4.2%), comp sales -4.9%, Q4 EPS guide $1.90-$2.60

TARGET CORP

2023-Q3 EPS reported $5.96 revenue$75,493,000,000

GAAP and Adjusted EPS of $2.10, up 36.3% YoY, above high end of guidance range.
Revenue $25.4B (-4.2% YoY); comparable sales -4.9%, in line with expectations.
Operating income $1.3B (+28.9%); margin 5.2% (vs 3.9%); gross margin 27.4% (vs 24.7%).
Q4 EPS guidance $1.90-$2.60; comparable sales expected mid-single-digit decline.
Inventory down 14% YoY (discretionary -19%); YTD operating cash flow $5.3B vs $0.55B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TARGET CORP reported third quarter 2023 results: revenue $25.4 billion, EPS $2.10. Guidance reaffirmed.

Period: third quarter 2023
Revenue: $25.4 billion
EPS: $2.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

declined 4.9 percent in the third quarter, reflecting a comparable store sales decline of 4.6 percent and a comparable digital sales decline of 6.0 percent. Total revenue of $25.4 billion was 4.2 percent lower than last year, reflecting a total sales decline of 4.3 percent and a 0.6 percent decrease in other revenue. Third quarter operating income of $1.3 billion

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

TARGET CORP filing history →

Source: SEC EDGAR

accession 0000027419-23-000048

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