Target Corporation (NYSE:TGT) Q3 2023 Earnings Conference Call November 15, 2023 8:00 AM ET

Company Participants

John Hulbert - Vice President Investor Relations

Brian Cornell - Chair & Chief Executive Officer

Christina Hennington - Chief Growth Officer

John Mulligan - Chief Operating Officer

Michael Fiddelke - Chief Financial Officer

Conference Call Participants

Robby Ohmes - Bank of America

Rupesh Parikh - Oppenheimer

Michael Lasser - UBS

Edward Yruma - Piper Sandler

Kate McShane - Goldman Sachs

Joe Feldman - Telsey Advisory Group

Simeon Gutman - Morgan Stanley

Chris Horvers - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation Third Quarter Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded Wednesday, November 15, 2023.

I would now like to turn the conference over to Mr. John Hulbert, Vice President Investor Relations. Please go ahead sir.

John Hulbert

Good morning, everyone and thank you for joining us on our third quarter 2023 earnings conference call. On the line with me today are Brian Cornell, Chair and Chief Executive Officer; Christina Hennington, Chief Growth Officer; John Mulligan, Chief Operating Officer; and Michael Fiddelke, Chief Financial Officer. In a few moments Brian, Christina, John and Michael will provide their insights on our third quarter performance along with our outlook and priorities for the fourth quarter. Following their remarks we'll open the phone lines for a question-and-answer session.

This morning we're joined on this conference call by investors and others who are listening to our comments via webcast. Following the call, Michael and I will be available to answer your follow-up questions. And finally, as a reminder, any forward-looking statements that we make this morning are subject to risks and uncertainties including those described in this morning's earnings press release and in our most recently filed 10-K. Also in these remarks we refer to non-GAAP financial measures including adjusted earnings per share. Reconciliations of all non-GAAP numbers to the most directly comparable GAAP number are included in this morning's press release which is posted on our Investor Relations website.

With that I'll turn it over to Brian for his thoughts on the third quarter and his priorities for the remainder of the year. Brian?

Brian Cornell

Thanks, John. For many years now we have focused on building a durable business model that allows us to meet guests where they are developing and enhancing the right tools and capabilities while investing heavily in our team, all in the service of providing an affordable, easy and joyful guest experience. And the flexibility of our multi-category model has served us incredibly well over the last few years, delivering unprecedented growth in both traffic and sales.