secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000027419-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741923000048/0000027419-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741923000048/tgt-20231115.htm
  HTML page:      https://secwatch.observer/filing/0000027419-23-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer