Target Corporation (TGT) released its third-quarter 2025 financial results, revealing a mixed performance that fell short of revenue expectations. Despite exceeding the market’s predictions for adjusted earnings per share (EPS), sales declined compared to the previous year. The company attributed this trend to softening consumer spending and a decline in overall discretionary spending. While net sales of $25.3 billion were down 1.5% from the previous year, digital comparable sales experienced modest growth, primarily driven by increased same-day delivery services. However, these gains were offset by lower sales volumes in other product categories. Despite exceeding EPS expectations at $1.78 per share, Target’s Q3 revenue fell short of market forecasts at $25.27 billion. A detailed analysis reveals a 2.7% decline in comparable sales and a notable 18.9% drop in operating income. Notably, non-recurring charges impacted GAAP EPS, which decreased from $1.85 to $1.51 during the quarter.