Earnings release
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FOR IMMEDIATE RELEASE Contacts : John Hulbert , Investors , ( 612 ) 761-6627 Joe Poulos , Media , ( 612 ) 761-0042 Target Media Hotline , ( 612 ) 696-3400 Target Corporation Reports Third Quarter Earnings Third quarter comparable sales grew 12.7 percent , on top of 20.7 percent growth last year . Comparable sales growth was driven entirely by traffic . Store comparable sales increased 9.7 percent , on top of 9.9 percent growth last year . Digital comparable sales grew 29 percent , following growth of 155 percent last year . Same - day services ( Order Pickup , Drive Up and Shipt ) grew nearly 60 percent this year , on top of more than 200 percent last year . More than 95 percent of Target's third quarter sales were fulfilled by its stores . All five core merchandise categories delivered double - digit comparable sales growth , on top of strong sales performance last year . Third quarter GAAP EPS of $ 3.04 was 51.6 percent higher than last year , and Adjusted EPS¹ of $ 3.03 was 8.7 percent higher than last year . Third quarter GAAP and Adjusted EPS have both more than doubled since Q3 2019 . For additional media materials , please visit : https://corporate.target.com/article/2021/11/q3-2021-earnings ● O O O O O TARGET O MINNEAPOLIS ( November 17 , 2021 ) – Target Corporation ( NYSE : TGT ) today announced its third quarter 2021 financial results , which reflected growth in both sales and profitability on top of record increases a year ago . The Company reported third quarter GAAP earnings per share ( EPS ) of $ 3.04 , up 51.6 percent from $ 2.01 in 2020. Third quarter Adjusted EPS of $ 3.03 grew 8.7 percent compared with $ 2.79 in 2020. The attached tables provide a reconciliation of non - GAAP to GAAP measures . All earnings per share figures refer to diluted EPS . - more - ¹Adjusted EPS , a non - GAAP financial measure , excludes the impact of certain discretely managed items . See the tables of this release for additional information about the items that have been excluded from Adjusted EPS .