Target Q3 2021 Highlights
The Target team delivered a strong Q3 performance
on top of last year’s growth — all while setting the stage
to create holiday joy for millions of families in Q4.
on top of
+20.7% in Q3 2020
+12.7%
Comparable
Sales
on top of
+9.9% in Q3 2020
+9.7%
Store
Comparable Sales
on top of
+155% in Q3 2020
+29%
Digital
Comparable Sales
$3.03
Adjusted
EPS*
up 51.6%
over Q3 2020
$3.04
GAAP
EPS
We delighted guests with our growing assortment in Q3 while preparing to deliver a great holiday season.
Our stores-as-hubs model drove traffic, fueled digital sales and provided our guests ease, convenience and safety.
Shopping experiences
powered by stores
Plans and investments in our durable model, team and communities are already paying off as we prepare for the season ahead.
Bold investments for Holiday and beyond
Comp sales across all five core categories saw double-digit growth on top of last year’s strong sales performance.
More exciting products, partnerships and experiences coming in Q4 and beyond, including:
Holiday Best deals
Everything needed for all the joyful moments
>95%
12.9%
Same-day services
traffic increase drove sales growth.
of our total sales (physical and digital combined) fulfilled by stores.
>80%
>30%
>30%
on top of >500% growth in Q3 ’20.
on top of ~280% growth in Q3 ’20.
on top of >50% growth in Q3 ’20.
Opened 29 new stores and two supply chain facilities this year.
Announced a $100M investment through our Target Forward strategy
to help fuel economic prosperity in Black communities across the country.
*Adjusted EPS is a non-GAAP financial measure most directly comparable to GAAP EPS. Adjusted EPS is reconciled to GAAP EPS in our Q3 2021 earnings release posted on our investor relations website.
up 8.7%
over Q3 2020
LEGO® Collection
x Target
2x more
Apple at Target shops
3x more Disney Store at Target shops
Millions of holiday gift options
combined growth in our same-day services as guests continue to embrace them as a core shopping activity.
~60%
New features:
18,000 more Drive
Up parking spaces, back-up order functionality, a Forgot Something? button, Shopping Partner tool and more.
Stocked and staffed for the holidays
Inventory up >$2B compared to last year.
>$75M in frontline team bonuses in fiscal 2021.
Hiring 100K seasonal store team members and 30K new supply chain positions.
5M extra
seasonal hours adding up to
>$75M in pay for current store teams.
An extra $2 per hour during peak moments for hourly store, service center, supply chain and select HQ teams.
Investing for the future
Remodeled more than 30 stores this year with 100+ left to complete.
Drove well over half of digital sales • $6B of sales growth over the last two years
