Target Corporation (NYSE:TGT) Q4 2023 Earnings Conference Call March 5, 2024 9:00 AM ET

Company Participants

John Hulbert - Vice President Investor Relations

Brian Cornell - Chair & Chief Executive Officer

Christina Hennington - Chief Growth Officer

Michael Fiddelke - Chief Operating Officer, Chief Financial Officer

Rick Gomez - Chief Food, Essentials and Beauty Officer

Jill Sando - Chief Merchandising Officer of Apparel & Accessories, Home and Hardlines

Cara Sylvester - Chief Guest Experience Officer

Conference Call Participants

Simeon Gutman - Morgan Stanley

Unidentified Analyst – Unidentified Company

Scot Ciccarelli - Truist

Mike Baker - D. A. Davidson

Danny Brett Hower – HSBC

Greg Melich - Evercore ISI

Edward Yruma - Piper Sandler

Robert Drbul - Guggenheim Securities

Ivan Feinseth - Tigress Financial Partners

Christopher Horvers - J.P. Morgan

John Hulbert

Good morning, everyone, and welcome to our 2024 Financial Community Meeting. I'd like to start by welcoming the investors and others who are attending this meeting in person with us.

And of course, we're happy that many, many more of you are attending the meeting remotely. Brian's going to kick off the meeting 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

Good morning, and thanks for joining us. We're looking forward to providing our perspective on the results we shared this morning, and I can't wait for you to hear from several of our top leaders, including Christina Hennington, Rick Gomez, Jill Sando, Cara Sylvester, and Michael Fiddelke. While Michael still has his hands firmly on the wheel as CFO, this is his first FCM in his new role as our Chief Operating Officer.

I can tell you; we're looking forward to discussing Target's growth horizon and how it transcends volatility over any particular quarter or year. Our preference is always to think long term. It's why for years now, we've emphasized the durability of our business model. And many of you have validated that orientation in the conversations we've had with you over the years.