What this story covers

Target Corp's Q3 10-Q reveals a 1.5% net sales drop to $25.3B due to cautious consumers favoring essentials over discretionary items. Digital sales rose 2.4% in comps, gross margins held at 28.2%, and operating income fell 18.9% to $948M amid transformation costs. Strong liquidity supports investments and shareholder returns, navigating tariffs and competition.

Story snapshot