Economic results

The company's revenue declined 4.3% year-over-year to $25 billion, but still beat the analyst consensus of $24.88 billion. Similarly, comparable sales weakened by 4.9% y-o-y, but analysts expected a 5.22% decline. Comparable online sales weakened slightly more, down 6% y-o-y against estimates of a 10.3% decline.

Operating EBITDA was USD 2.06 billion in the third quarter, compared to market estimates of USD 1.67 billion.

Target reported an operating margin of 5.2%, beating the average analyst estimate of 3.94%.

Average transaction volume declined 0.8% year-over-year, less than the average analyst expectation of -1.37%.

Inventory declined 14% year-over-year, which helped the higher-than-expected earnings per share result ($2.10 vs. $1.47).

$131.66 $0.33 +0.25%
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I'm glad that even though the consumer downturn, high inflation, high borrowing, society has weathered it. I was shopping around $100 and I'm happy for these results, especially their margins which beat estimates. 😊

Also glad you shopped this at a very good price, soooo awesome :)

Thanks, I think it's a good price and if she's still there for a while I'd buy it. Long term, I think they should at least maintain their current numbers and dividend. 😊