---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-23-000048"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:50:52.817854+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000027419-23-000048
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741923000048/0000027419-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741923000048/tgt-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-23-000048
- JSON: https://secwatch.observer/filing/0000027419-23-000048.json
- Plain text: https://secwatch.observer/filing/0000027419-23-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000048/0000027419-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.