Target Reports Lower Sales and Cautious Outlook for the Holidays
Nov 19, 2025
Target Corporation released its third-quarter results, reporting net sales of $25.3 billion. This is a 1.5% decrease compared to the same period last year. Sales at stores open for at least a year fell by about 1%, in line with analyst expectations.
Target's earnings per share were slightly above Wall Street's estimates, but the company has lowered its earnings forecast for the rest of the fiscal year. Analysts and the company both note that digital sales growth has slowed and that the retail environment remains challenging.
Looking ahead, Target said sales in the important fourth quarter are expected to be lower than the previous year. To help improve performance, the company plans to invest an extra $1 billion to update and refresh its stores.
Why did Target's sales go down this quarter?
Target's sales fell due to slower digital sales growth and a generally challenging retail environment.
What is Target doing to improve its performance?
Target plans to spend an additional $1 billion to update its stores in hopes of attracting more customers.
What can shoppers and investors expect for the holiday season?
Target expects its sales for the holiday season to be lower than last year.
Sources
Target faces sales and margin challenges ahead of Q3 results
Proactive Investors
Proactive Investors
Target Corp (NYSE:TGT) is set to release third-quarter earnings on November 19, with analysts warning of potential headwinds in sales and margins amid slowing digital growth and broader retail pressures. Bank of America projects the retailer will report adjusted earnings of $1.67 per share and a 1%...
Target cuts profit outlook as shoppers look for deals, make fewer store trips
CNBC
CNBC
Target posted a third-quarter sales decline and cut the top end of its full-year earnings guidance. Incoming CEO Michael Fiddelke is trying to kickstart the business after roughly four years of stagnant sales.
Target Cuts Earnings Guidance as Sales Dip. How the New CEO Plans to Return to G...
Barrons
Barrons
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.
Target's earnings show its struggles are far from over heading into the holidays
Business Insider
Business Insider
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.
Target Corporation Reports Third Quarter Earnings
MINNEAPOLIS , Nov. 19, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced its third quarter 2025 financial results. Third quarter net sales were $25.3 billion, 1.5 percent lower than 2024.
Target sales disappoint as store traffic and spending decline
Market Watch
Market Watch
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 slashes prices on thousands of items in bid to revive slipping sales
Fox Business
Fox Business
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 posts bigger-than-expected drop in quarterly sales, readies for key holid...
Reuters
Reuters
Target on Wednesday reported a bigger-than-expected drop in quarterly comparable sales as cash-strapped U.S. consumers pulled back discretionary spending on apparel and home decor.
Target stock in red as sales decline due to customers cutting back on spending
Invezz
Invezz
Target is grappling with another quarter of falling sales as US shoppers continue to rein in discretionary spending, weighing on the retailer's financial performance and prompting a cut to its full-year earnings outlook. Shares of Target were down about 1.
Target (TGT) Beats Q3 Earnings Estimates
Zacks Investment Research
Zacks Investment Research
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.
Target Q3 earnings beat estimates but sales slip amid consumer headwinds
Proactive Investors
Proactive Investors
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 re...
Compared to Estimates, Target (TGT) Q3 Earnings: A Look at Key Metrics
Zacks Investment Research
Zacks Investment Research
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 Reports Sales Miss, Narrowed Outlook. Dow Jones Rival Up Next.
Investors Business Daily
Investors Business Daily
Target posted mixed results for its Q3 report early Wednesday. Dow Jones retail rival Walmart reports on Thursday.
Target to spend $5B on store revamp as months-long sales slump deepens
New York Post
New York Post
“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.
Why Target's Weak Q3 Might Be Setting Up A Stronger 2026
Forbes
Forbes
Target (NYSE: TGT) shares declined by approximately 3% in pre-market trading following its Q3 fiscal 2025 results, impacted by weaker revenue and falling comparable sales even though it surpassed EPS expectations. At first glance, the quarter appears weak: net sales decreased by 1.5% year-over-year,...
Target Corporation (TGT) Q3 2026 Earnings Call Transcript
Seeking Alpha
Seeking Alpha
Target Corporation ( TGT ) Q3 2026 Earnings Call November 19, 2025 8:00 AM EST Company Participants John Hulbert - Vice President of Investor Relations Brian Cornell - Chairman of the Board & CEO Michael Fiddelke - Executive VP & COO Richard Gomez - Executive VP & Chief Commercial Officer James Lee...
Target Q3 Earnings Beat Estimates, Sales Decline Amid Soft Traffic
Zacks Investment Research
Zacks Investment Research
TGT posts a mixed Q3 as earnings beat but sales slip, with soft traffic partly offset by digital gains and rising non-merchandise revenues.
Target issues warning ahead of the holidays, Upwork CEO discusses AI and the fre...
Yahoo Finance
Yahoo Finance
Yahoo Finance executive editor Brian Sozzi breaks down the morning's market headlines after the opening bell on November 19, 2025. Crossmark Global Investments Chief Market Strategist Victoria Fernandez and Sevens Report Research Founder Tom Essaye join the program to discuss retail chain Target's l...
Target's bad year continues: Sales decline and stock slips as high-stakes holida...
Fast Company
Fast Company
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 Sets Out Plans To Invest Over $5 Billion In Comeback Bid
Forbes
Forbes
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.
Nasdaq Gains Over 100 Points; Target Trims Earnings Forecast
Benzinga
Benzinga
Target Corporation (NYSE:TGT) reported a third-quarter profit beat but posted underwhelming sales and trimmed its full-year earnings outlook heading into the crucial holiday stretch.
Target Details Consumer Strain and Unveils Its Chatbot Plans
PYMNTS
PYMNTS
Target's third-quarter 2025 earnings results suggest that consumers are under growing pressure, a dynamic that could shape holiday spending patterns across the retail sector. While inventory is tight heading into the fourth quarter, management said shoppers remain cautious and selective, creating an...
Target Predicting Weak Holiday Sales As Consumer Angst Weighs On Season
Forbes
Forbes
Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes.
Target Struggles As Consumers Skip Non-Essential Buys
Benzinga
Benzinga
Target Corporation (NYSE: TGT) stock fell Thursday after the company reported third-quarter adjusted earnings per share of $1.78, beating the analyst consensus estimate of $1.72.
Walmart's Earnings Will Illustrate How the American Consumer Is Doing
Investopedia
Investopedia
Walmart's going through plenty these days—but so are its customers. Both topics are likely to take center stage when the retail giant reports its third-quarter results on Thursday.
Kohl's Q3 Earnings Coming Up: Factors Investors Need to Understand
Zacks Investment Research
Zacks Investment Research
KSS' third-quarter results are likely to reflect soft traffic, pressured consumers and rising cost and pricing headwinds despite steadier proprietary brand trends.
Is Burlington Stores Set for Another Surprise as Q3 Earnings Approach?
Zacks Investment Research
Zacks Investment Research
BURL readies its Q3 report as investors watch for another potential beat driven by agile buying and stronger in-store execution.
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