Target — Nov 20, 2024 release

  Reconciliation of Non-GAAP Adjusted EPS Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 Change November 2, 2024 October 28, 2023 Change GAAP and adjusted diluted earnings per share $ 1.85  $ 2.10  (11.9) % $ 6.45  $ 5.96  8.3  % Reconciliation of Non-GAAP Adjusted EPS Guidance Guidance (per share) (unaudited) Q4 2024 Full Year 2024 GAAP diluted earnings per share guidance $1.85 - $2.45 $8.30 - $8.90 Estimated adjustments Other (a) $ —  $ —  Adjusted diluted earnings per share guidance $1.85 - $2.45 $8.30 - $8.90 (a) Fourth quarter and full-year 2024 GAAP EPS may include the impact of certain discrete items, which will be excluded in calculating Adjusted EPS. The guidance does not currently reflect any such discrete items. In the past, these items have included losses on the early retirement of debt and certain other items that are discretely managed. Earnings before interest expense and income taxes (EBIT) and earnings before interest expense, income taxes, depreciation and amortization (EBITDA) are non-GAAP financial measures. We believe these measures provide meaningful information about our operational efficiency compared with our competitors by excluding the impact of differences in tax jurisdictions and structures, debt levels, and, for EBITDA, capital investment. These measures are not in accordance with, or an alternative to, GAAP. The most comparable GAAP measure is net earnings. EBIT and EBITDA should not be considered in isolation or as a substitution for analysis of our results as reported in accordance with GAAP. Other companies may calculate EBIT and EBITDA diffe