Target Corporation (NYSE:TGT) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET

Company Participants

John Hulbert - VP, IR
Brian Cornell - Chair and CEO
Rick Gomez - CCO
Michael Fiddelke - COO
Jim Lee - CFO

Conference Call Participants

Simeon Gutman - Morgan Stanley
Rupesh Parikh - Oppenheimer
Kate McShane - Goldman Sachs
Michael Lasser - UBS
Robby Ohmes - Bank of America

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation Third Quarter Earnings Release Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will invite you to participate in a question-and-answer session. At the close of prepared remarks, we will open the queue for the Q&A session. [Operator Instructions] As a reminder, this conference is being recorded Wednesday, November 20th, 2024.

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 2024 earnings conference call. On the line with me today are Brian Cornell, Chair and Chief Executive Officer; Rick Gomez, Chief Commercial Officer; Michael Fiddelke, Chief Operating Officer; and Jim Lee, Chief Financial Officer.

In a few moments, Brian, Rick, Michael, and Jim will provide their insights on our third quarter performance along with our outlook and priorities for the remainder of the year. 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, Jim 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 quarter and his priorities for the fourth quarter and beyond. Brian?

Brian Cornell

Thanks John and good morning everyone. I want to start my remarks today by welcoming Jim Lee to his first conference call as Target CFO. Jim recently joined our team from PepsiCo where he gained a wealth of experience in numerous positions throughout their business. Since he arrived here in September, Jim's been learning our business and I've been incredibly impressed with his ability to synthesize large amounts of data, [drill] (ph) into what's most important, generate innovative solutions when presented with problems, and then take quick action to address them.