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CLAIM #55693 · TGT (TGT) · 2022Q4 earnings call · Feb 28, 2023 · due Dec 31, 2023

We delivered more than 25 million packages through sortation centers last year, and we expect to double that amount in 2023 with the help of our local and national carriers.

John Mulligan · COO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

across the country, allowing us to deliver packages to guests within 2 days. Up to 40% are delivered 1 day when using our last-mile delivery capabilities with Shipt. And because Shipt is fully integrated into our last-mile operations, we benefit from significantly lower delivery costs. To give you a closer look at how these sortation centers have become core to our business, we ask leaders from Target and Shipt to give you a brief tour and talk about how our test and learn approach applies to last-mile delivery. Let's take a look. [Presentation] John Mulligan: As you heard from [ Dory ], [ Saad ] and [ Kamau ], we've learned a lot over the past few years, using every opportunity to improve speed, cost and quality. And in regards, our sortation centers are just hitting their stride. We delivered more than 25 million packages through sortation centers last year, and we expect to double that amount in 2023 with the help of our local and national carriers. Together, the investments we're making create a more nimble sourcing, inventory management and fulfillment capability at Target, and they continue to help us navigate tough times, prepare for the unpredictable and fuel steady growth, all thanks to our incredible team. We've made huge strides in recent years to connect with our guests through our stores. The momentum continues to build, and I look forward to sharing progress with you and our guests in the quarters to come. Michael, I'll turn it over to you. Michael Fiddelke: Thanks, John. As Brian mentioned, it was exactly a year ago that we were on this stage, talking about our 2021 financial results, a year in which our business generated double-digit growth in comparable sales and even faster growth in EPS. And as Christina discu

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SEC filings for TGT · Claim quote is verbatim from the 2022Q4 earnings call.