Target (TGT) Q4 2024 Earnings Call

Target Corporation (NYSE:TGT) Q4 2024 Earnings Conference Call March 4, 2025 9:00 AM ET

Company Participants

Brian Cornell - Chief Executive Officer
Michael Fiddelke - Executive Vice President, Chief Operating Officer
Jim Lee - Executive Vice President, Chief Financial Officer
Rick Gomez - Executive Vice President, Chief Commercial Officer
Cara Sylvester - Executive Vice President, Chief Guest Experience Officer
John Hulbert - Vice President, Investor Relations

Conference Call Participants

Michael Lasser - UBS
Simeon Gutman - Morgan Stanley
Chris Horvers - JP Morgan
Karen Short - Melius Research
Cristina Morales - Signum Research
Paul Lejuez - Citi
Zhihan Ma - Bernstein

John Hulbert

Good morning everyone and welcome to our 2025 financial community meeting. I want to start by thanking all of you for spending some time with us today.

Brian will kick off in a minute, but first I have a couple of important disclosures. First, any forward-looking statements that we make this morning are subject to risks and uncertainties, the most important of which are described in our SEC filings; and second, in today’s remarks, we refer to non-GAAP financial measures, including adjusted earnings per share. Reconciliations of all non-GAAP measures to the most directly comparable GAAP measure are included in our financial press releases, financial presentations and SEC filings, which are posted on our Investor Relations website.

With that, I’ll turn it over to Brian to get things started.

Brian Cornell

[video presentation]

Good morning everyone and thanks for being here today. As we put together this morning’s presentation, we thought carefully about the themes we’d been hearing from investors so we can directly address what’s on your mind. As we walk through progress to date and plans to come, you’ll hear us answer three important questions: first, what is Target’s unique place in retail; second, how will Target build more engagement with even more