Target Stock Slips as Q3 2025 Sales Fall and New CEO Bets on AI, Price Cuts and $5 Billion Store Upgrade Plan
Target reported a 1.6% drop in Q3 revenue to $25.27 billion, with comparable sales down 2.7%. Adjusted EPS beat expectations at $1.78, but fell from last year. The company cut its profit outlook and announced a turnaround plan focused on price cuts, store upgrades, and new AI partnerships. Shares fell nearly 2% pre-market, extending a year of steep losses.