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Target CorporationTGT 24Q3 vs 23Q3
Discount StoresConsumer Defensive

TGT 24Q3 vs 23Q3

Target CorporationTGT约 2 分钟阅读

  • Earnings Per Share (EPS): In Q3 2024, Target reported GAAP and Adjusted EPS of2.10 in Q3 2023.

  • Comparable Sales: Q3 2024 saw a slight increase in comparable sales by 0.3%, driven by digital sales and traffic, contrasting with a decline of 4.9% in Q3 2023.

  • Digital Sales Growth: Digital comparable sales grew by 10.8% in Q3 2024, reflecting nearly 20% growth in same-day delivery and double-digit growth in Drive Up, compared to a decline of 6.0% in Q3 2023.

  • Gross Margin Rate: The gross margin rate decreased slightly to 27.2% in Q3 2024 from 27.4% in Q3 2023.

  • Operating Income: Operating income was1.3 billion.

  • Operating Income Margin Rate: The operating income margin rate decreased to 4.6% in Q3 2024 from 5.2% in Q3 2023.

  • Inventory Levels: In Q3 2024, there's no specific mention of inventory levels compared to the previous year, whereas Q3 2023 highlighted a 14% reduction in inventory, with a 19% reduction in discretionary category inventory.

  • Dividends: Dividends paid increased to507 million in Q3 2023.

  • Share Repurchase: Target repurchased$354 million of its shares in Q3 2024, while there were no repurchases in Q3 2023.

  • Return on Invested Capital (ROIC): ROIC increased to 15.9% in the trailing twelve months through Q3 2024, up from 13.9% in the same period through Q3 2023.

  • Guidance: For Q4, Target expects flat comparable sales and an EPS range of 2.45 for Q4 2024, compared to an expected mid-single digit decline in comparable sales and an EPS range of $1.90 to $2.60 in Q3 2023.