---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-25-000123"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:36:29.101026+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Target Q3 GAAP EPS $1.51 vs $1.85; net sales $25.3B, down 1.5%

## Summary
- GAAP EPS $1.51, down from $1.85; adjusted EPS $1.78 excludes severance/asset charges.
- Comparable sales fell 2.7%; digital comp up 2.4% with same-day delivery growth >35%.
- Non-merchandise sales up ~18% led by Roundel, membership and marketplace.
- Full-year adjusted EPS guidance $7.00-$8.00; Q4 sales expected low-single digit decline.
- ROIC 13.4% vs 15.9% TTM; paid $518M dividends, repurchased $152M in shares.

## SEC filing metadata
- accession: 0000027419-25-000123
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/27419/000002741925000123/0000027419-25-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741925000123/tgt-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-25-000123
- JSON: https://secwatch.observer/filing/0000027419-25-000123.json
- Plain text: https://secwatch.observer/filing/0000027419-25-000123.txt

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