earnings
confidence high
sentiment negative
materiality 0.80
Target Q3 EPS $1.85 down 11.9% YoY; comp sales +0.3% with 10.8% digital growth
TARGET CORP
2024-Q3 EPS reported
$6.45
revenue$75,651,000,000
- GAAP/Adjusted EPS $1.85 vs $2.10 prior year, below guidance implied by prior trend.
- Total revenue $25.7B (+1.1%) driven by 10.8% digital comp and 2.4% traffic gain.
- Gross margin 27.2% (-0.2ppt) on higher digital fulfillment & supply chain costs; SG&A 21.4% (+0.5ppt).
- Q4 guidance: flat comparable sales, EPS $1.85-$2.45; full-year EPS $8.30-$8.90.
- Returned $870M to shareholders: $516M dividends (+1.8% per share) and $354M buybacks.