Target Q3 net sales fall 1.5% to $25.3 billion; GAAP EPS drops to $1.51 from $1.85
Target reported third quarter 2025 net sales of $25.3 billion, down 1.5% from last year, and GAAP diluted EPS of $1.51 versus $1.85. The company now expects full-year 2025 GAAP EPS of $7.70 to $8.70 and adjusted EPS of $7.00 to $8.00, and it maintained its fourth-quarter outlook for a low-single digit sales decline.
Key points
- Net sales were $25.3 billion, down 1.5%; comparable sales fell 2.7%, with comparable digital sales up 2.4%.
- GAAP diluted EPS was $1.51 versus $1.85 a year ago; adjusted EPS was $1.78, excluding business transformation costs.
- Full-year 2025 GAAP EPS is now expected at approximately $7.70 to $8.70; adjusted EPS at approximately $7.00 to $8.00.
- Share repurchases were $152 million in the quarter, with about $8.3 billion of remaining authorization at quarter end.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.