By Colin Kellaher
Target posted fiscal third-quarter profits that topped Wall Street's expectations, but the retailer lowered its full-year earnings guidance.
Target on Wednesday reported earnings of $689 million, or $1.51 a share, for the quarter ended Nov. 1, down from $854 million, or $1.85 a share, a year earlier.
Adjusted earnings came in at $1.78 a share for the quarter, ahead of the $1.71 a share that analysts polled by FactSet, on average, were expecting.
Sales slipped 1.5% to $25.27 billion, just shy of the $25.33 billion Wall Street was looking for, while comparable sales fell 2.7%, worse than the 2.1% decline analysts had penciled in.
Ahead of crucial holiday selling season, Target forecast a low-single-digit decline in fourth-quarter sales and narrowed its full-year adjusted earnings guidance to $7 to $8 a share, or $7.50 at the midpoint, from a prior forecast of $7 to $9 a share, or $8 at the midpoint.
Analysts are expecting a full-year profit of $7.24 a share from the Minneapolis company.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 19, 2025 06:30 ET (11:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.

