
Target's Q3 results met expectations, with adjusted EPS of $1.78 and net sales of $25.3 billion. Comparable sales were down 2.7% and digital sales up 2.4%; the company narrowed its full-year adjusted EPS guidance to $7 to $8.
Bullish
Digital comparable sales grew 2.4%, fueled by more than 35% growth in same-day delivery.
Bearish
Q3 comp sales were down 2.7%, reflecting continued softness in discretionary categories like home and apparel.