secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0000027419-24-000177
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Q3 EPS $1.85 down 11.9% YoY; comp sales +0.3% with 10.8% digital growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000177/0000027419-24-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000177/tgt-20241120.htm
  HTML page:      https://secwatch.observer/filing/0000027419-24-000177

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