Thanks, John.
I've I personally. impact I strategy, want and I thank you've to the fortunate you years you Before me learn our and with this you team arrived formal on made for since on been begin work company, our XX from to remarks, my positive ago. Target first at
third and the decline X.X% X.X% down reflecting decline other X.X%, a in total quarter, total was in In revenue sales a revenue.
credit card ticket. revenue. in revenue combined and Among decrease Within our X.X%, sales, in offset third items the few nearly traffic of ad by revenue were down line, in smaller average declines drivers the other X.X% Roundel quarter a comparable with was growth a
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to mentioned, seasonal Christina continue shop guests As our around moments.
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strength saw promotions. we For variability the the remainder quarter, of of by periods around week relative week with
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offsetting tailwinds, the point inventory our shrink these third basis gross headwind rate. Partially margin rising of to quarter a cost represented XX
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remained support limits have reiterate first deployment record our our within that to and years. to repurchase of our And the decades. consistent for Then look on deploy than annual strategic any the financial increases, our more which build ratings middle projects cash look of criteria. capital over A through I'll invest credit we've and dividend for which maintained excess time. fully share finally, we turn XX in meet and priorities, we Now to We
capital the $X high end the full first the out first we Regarding through and X billion year. CapEx was range will expect of near the quarters for billion, the $X year priority, laid year of the just we billion be under to investment $X
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in with from quarter, the I'll which was year our always, XX.X% XX-month a my ROIC, the ago. trailing conclude As third down XX.X% quarter after-tax of review
healthy we teens the return lower While low over terms, the in time. after-tax it's returns deliver quite an in than to absolute expect meaningfully is
that sequential years over this the we've continuing Importantly, ahead. and couple momentum in quarters, metric improvement last we're seen focused of on in the
Now for I'll turn guidance quarter. fourth the our to
top sales. line, mid-single-digit our leading expectations reflect our caution, guidance the near-term prior decline QX us for continued comparable to our maintain a On in
maintaining fourth bottom typically quarter season. the particularly line, cautious a the is promotional On very posture, we're a also because
quarter range flat the for on of which to end.
I represents XX% to that about want high year. last As also a year note the of low EPS end $X.XX, such, XXXX our we're planning fourth wide a on approximately XX-week $X.XX and growth is to growth
our XX fourth an billion about profits. results, of include will as the will operating calculation on extra week through already the leverage in of week that top not team equal $X.X has that that result quarter. very $X.XX provided Note periods an the add delivered sales estimate margin our We length.
On extra base points comparable will and against a and backdrop year, through center original full team That's range nimble top unpredictable of close less testament than range a and the quarter tireless line, it's the tougher-than-expected original the of our successfully a at volatile a midpoint period. the guidance we and outcome of efforts range. from amazing the navigate to EPS stay beginning the to that's year and quarter in about with QX, sales rate of to basis of the we it fourth affect guidance on of sales So a our implies
and fact, strong rate, been focused and head we've pause to on. getting only we're performance has that increasing profit far address questions some year, question I how been so our whether our about want on In rate given profit this
between mentioned a profit alignment deliver team rate this into by year, sales. we would As our coming were our our achieving earlier, in our better John and inventory significant confident increase
a year to addition, talked that we're grown given we revenue $XXX per pursuing, we've efficiency more ago, In first than about the long-term significant year. billion our opportunities
to is current of growth. so to work if a is on dollars more we bottom to that. opportunity but top sustainable do gladly would Even of saw make top the early not wouldn't it lead efficiency line clear, line as way this has which a year, the deliver our long-term to well.
At we dollars, only rate portion fundamentally, of in that top first team sustainably the delivered is growth boost delivering by growing short we still might millions our any savings significantly line we're growth term, focused an gain can profitability. of because hundreds deliver its interested growth any line in far same priority making time, growth retailer our in And want investments the the are profit sustainable long-term in already profit that dollars. benefiting I stages, While to But invest
In kinds decisions are harmful of fact, our many over experience has short-term actually time. those times, shown that
last deliver previously services in way brands, stores store brands the growth work app, in with been provide. fulfillment and a reliable remain assortment decade, our to over all owned long-term stores investments our to our new beginning our fresh today, assets and of half shopping we experience, website the both markets on Target and national existing So to driving focused we through team in in not top our successful experience, the line to keep the strategies investments have including enhance the them our and we've so served and enhancing digital differentiated and and that
those believe long-term have improvement don't But incompatible grow successfully in and to top over As opportunity rate more directly, our can further we pursue we and other. growth those both with on we line time. we operating ahead, initiatives, where believe the each we rate are years based are we today, also margin deliver efforts
my relationships delivered while maintaining unprecedented And confidence as for focusing long-term ends they've growth in the level, the amazing always, progress our with years. all guests. the over several and year, our optimal this moving on with basis back building team. profitability And They starts last made have toward the Target and
team is truly in team Our the best retail.
over to back Now I'll Brian. turn call the
