Today, retail giant Target Corporation (NYSE: TGT) reported its third-quarter fiscal 2025 earnings. Unfortunately, for the company and its investors, the results were a continuation of what Target has been seeing for years now: declining sales.
Target has moved quickly to arrest weakening profits and softening sales with a pledge to an extra $1 billion increase in capital spending, after the company set out a bold investment stance even as its near-term outlook remains subdued.
Despite earnings season winding down, a few notable (non-semiconductor) names have entered the confessional this week.
“Mission 1 through 10 is to get back to growth for us,” said incoming CEO Michael Fiddelke on a call with reporters, after declining to answer when he thinks sales will turn positive again.
The headline numbers for Target (TGT) give insight into how the company performed in the quarter ended October 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Target Corp (NYSE:TGT) reported third-quarter earnings that beat Wall Street expectations on a per-share basis, even as revenue and comparable sales declined amid persistent consumer pressures. The retailer posted adjusted earnings of $1.78 per share, in line with consensus estimates, while total revenue fell 1.5% to $25.27 billion, slightly below the projected $25.47 billion.
Target (TGT) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $1.85 per share a year ago.
Shares of Target fell in early Wednesday trading, after the discount retailer topped fiscal third-quarter profit expectations but disappointed on a key sales metric, noting a decline in both traffic and spending patterns.
Target is cutting prices on 3,000 items as the retail giant works to reverse declining sales and boost holiday traffic amid a tougher economy.
Target's third-quarter earnings are slightly better than expected, but volatility and choppy demand prompt the retailer to trim its guidance for the fiscal year.
The retailer lowered its expected profit range for the full year as net sales fell 1.5% in the third quarter.
Target cautioned that the critical fourth quarter sales will likely come in below last year's. The retailer will invest an additional $1 billion toward an effort to refresh its store fleet.