See more : PT Sunson Textile Manufacturer Tbk (SSTM.JK) Income Statement Analysis – Financial Results
Complete financial analysis of Target Corporation (TGT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Target Corporation, a leading company in the Discount Stores industry within the Consumer Defensive sector.
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Target Corporation (TGT)
About Target Corporation
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 107.41B | 109.12B | 106.01B | 93.56B | 78.11B | 75.36B | 72.71B | 69.50B | 73.79B | 72.62B | 72.60B | 73.30B | 69.87B | 67.39B | 65.36B | 64.95B | 63.37B | 59.49B | 52.62B | 46.84B | 48.16B | 43.92B | 39.89B | 36.90B | 33.70B | 30.95B | 27.76B | 25.37B | 23.52B | 21.31B | 19.23B | 17.93B | 16.12B | 14.74B | 13.64B | 12.20B | 10.68B | 9.26B | 8.79B |
| Cost of Revenue | 77.74B | 82.23B | 74.96B | 66.18B | 54.86B | 53.30B | 51.13B | 48.87B | 52.00B | 51.28B | 51.16B | 51.04B | 48.31B | 46.59B | 45.58B | 44.16B | 42.73B | 39.40B | 34.93B | 31.45B | 31.79B | 29.26B | 27.25B | 25.30B | 23.03B | 22.63B | 20.32B | 18.63B | 17.53B | 15.64B | 14.16B | 13.13B | 11.75B | 10.65B | 9.89B | 8.89B | 7.85B | 6.70B | 6.27B |
| Gross Profit | 29.68B | 26.89B | 31.04B | 27.38B | 23.25B | 22.06B | 21.59B | 20.62B | 21.79B | 21.34B | 21.44B | 22.27B | 21.56B | 20.81B | 19.77B | 20.79B | 20.64B | 20.09B | 17.69B | 15.39B | 16.37B | 14.66B | 12.64B | 11.61B | 10.67B | 8.32B | 7.44B | 6.74B | 5.99B | 5.68B | 5.07B | 4.80B | 4.36B | 4.09B | 3.76B | 3.32B | 2.83B | 2.56B | 2.52B |
| Gross Profit Ratio | 27.63% | 24.64% | 29.28% | 29.27% | 29.76% | 29.27% | 29.69% | 29.68% | 29.53% | 29.39% | 29.53% | 30.38% | 30.86% | 30.87% | 30.26% | 32.01% | 32.56% | 33.77% | 33.62% | 32.87% | 33.99% | 33.37% | 31.69% | 31.46% | 31.67% | 26.87% | 26.79% | 26.58% | 25.47% | 26.63% | 26.36% | 26.76% | 27.08% | 27.75% | 27.54% | 27.20% | 26.47% | 27.61% | 28.71% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 19.96B | 19.16B | 18.25B | 17.12B | 14.63B | 15.63B | 15.05B | 14.17B | 14.67B | 14.68B | 15.38B | 14.91B | 14.11B | 13.47B | 13.08B | 14.56B | 13.70B | 12.82B | 11.19B | 9.80B | 11.53B | 9.42B | 8.42B | 7.90B | 7.23B | 5.58B | 4.53B | 4.73B | 4.45B | 4.00B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.40B | 1.50B | 1.50B | 1.50B | 1.60B | 92.00M | 91.00M | -818.00M | 1.43B | 1.60B | 1.55B | 1.39B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 707.00M | 776.00M | 737.00M | 0.00 | 765.00M | 463.00M | 290.00M | 259.00M | -506.00M | 0.00 | -445.00M | -409.00M | -373.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 21.36B | 20.66B | 19.75B | 18.62B | 16.23B | 15.72B | 15.14B | 13.36B | 14.67B | 14.68B | 15.38B | 14.91B | 14.11B | 13.47B | 13.08B | 14.56B | 13.70B | 13.53B | 11.96B | 10.53B | 11.53B | 10.18B | 8.88B | 8.19B | 7.49B | 5.08B | 4.53B | 4.29B | 4.04B | 3.63B | 3.18B | 2.98B | 2.80B | 2.48B | 2.26B | 2.13B | 1.87B | 1.61B | 1.57B |
| Other Expenses | 0.00 | 2.39B | 2.34B | 2.23B | 2.36B | 27.00M | 59.00M | 3.33B | 620.00M | 2.13B | 391.00M | 161.00M | 2.58B | 2.94B | 3.54B | 1.83B | 2.42B | 1.45B | 1.37B | 1.26B | 1.32B | 1.21B | 1.08B | 940.00M | 854.00M | 1.29B | 1.16B | 1.23B | 1.00B | 904.00M | 841.00M | 772.00M | 693.00M | 628.00M | 549.00M | 498.00M | 408.70M | 333.20M | 319.10M |
| Operating Expenses | 23.97B | 23.04B | 22.10B | 20.85B | 18.59B | 17.95B | 17.37B | 15.65B | 16.88B | 16.81B | 17.60B | 17.06B | 16.24B | 15.55B | 15.10B | 16.39B | 15.36B | 15.02B | 13.37B | 11.79B | 12.85B | 11.39B | 9.96B | 9.13B | 8.34B | 6.36B | 5.70B | 5.38B | 5.05B | 4.54B | 4.02B | 3.75B | 3.49B | 3.11B | 2.81B | 2.63B | 2.27B | 1.94B | 1.89B |
| Cost & Expenses | 101.71B | 105.27B | 97.06B | 87.02B | 73.45B | 71.25B | 68.49B | 64.53B | 68.88B | 68.08B | 68.76B | 68.09B | 64.54B | 62.14B | 60.68B | 60.55B | 58.10B | 54.42B | 48.30B | 43.24B | 44.64B | 40.65B | 37.21B | 34.43B | 31.37B | 29.00B | 26.02B | 24.01B | 22.57B | 20.17B | 18.18B | 16.88B | 15.25B | 13.76B | 12.70B | 11.51B | 10.13B | 8.65B | 8.16B |
| Interest Income | 0.00 | 478.00M | 421.00M | 465.00M | 467.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 78.00M | 3.00M | 3.00M | 3.00M | 28.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 502.00M | 478.00M | 421.00M | 977.00M | 477.00M | 461.00M | 653.00M | 1.00B | 607.00M | 882.00M | 1.13B | 762.00M | 869.00M | 760.00M | 804.00M | 894.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.80B | 2.70B | 2.64B | 2.49B | 2.60B | 2.47B | 2.48B | 2.30B | 2.21B | 2.13B | 2.22B | 2.14B | 2.13B | 2.08B | 2.02B | 1.83B | 1.66B | 1.50B | 1.41B | 1.26B | 1.32B | 1.21B | 1.08B | 940.00M | 854.00M | 780.00M | 693.00M | 650.00M | 594.00M | 531.00M | 498.00M | 459.00M | 410.00M | 372.00M | 319.00M | 292.00M | 232.40M | 184.90M | 172.80M |
| EBITDA | 8.62B | 6.66B | 11.97B | 9.09B | 7.33B | 6.70B | 6.85B | 7.31B | 7.32B | 6.66B | 6.88B | 7.56B | 7.45B | 7.34B | 6.75B | 6.33B | 6.93B | 6.57B | 5.73B | 4.86B | 4.84B | 4.48B | 3.76B | 3.42B | 3.18B | 2.73B | 2.44B | 2.01B | 1.54B | 1.67B | 1.55B | 1.51B | 1.28B | 1.36B | 1.26B | 982.00M | 784.00M | 796.60M | 805.20M |
| EBITDA Ratio | 8.03% | 6.04% | 11.29% | 9.63% | 9.31% | 8.77% | 8.95% | 10.46% | 10.49% | 9.18% | 8.89% | 10.25% | 10.67% | 10.89% | 10.25% | 9.59% | 10.94% | 11.04% | 10.89% | 10.38% | 10.05% | 10.19% | 9.42% | 9.26% | 9.44% | 8.83% | 8.77% | 8.45% | 6.54% | 7.84% | 8.06% | 8.41% | 7.94% | 9.20% | 9.26% | 8.00% | 7.34% | 8.39% | 9.43% |
| Operating Income | 5.71B | 3.85B | 8.95B | 6.54B | 4.66B | 4.11B | 4.22B | 4.97B | 4.91B | 4.54B | 3.84B | 5.21B | 5.32B | 5.25B | 4.67B | 4.40B | 5.27B | 5.07B | 4.32B | 3.60B | 3.52B | 3.26B | 2.68B | 2.48B | 2.33B | 1.95B | 1.74B | 1.36B | 943.00M | 1.14B | 1.05B | 1.05B | 870.00M | 984.00M | 945.00M | 690.00M | 551.60M | 611.70M | 632.40M |
| Operating Income Ratio | 5.31% | 3.53% | 8.44% | 6.99% | 5.96% | 5.45% | 5.81% | 7.15% | 6.65% | 6.25% | 5.29% | 7.11% | 7.62% | 7.79% | 7.15% | 6.78% | 8.32% | 8.52% | 8.22% | 7.69% | 7.31% | 7.43% | 6.72% | 6.71% | 6.91% | 6.31% | 6.28% | 5.36% | 4.01% | 5.35% | 5.47% | 5.85% | 5.40% | 6.68% | 6.93% | 5.65% | 5.17% | 6.61% | 7.19% |
| Total Other Income/Expenses | -410.00M | -430.00M | -39.00M | -993.00M | -468.00M | -434.00M | -594.00M | -1.00B | 1.60B | -882.00M | -658.00M | -523.00M | -866.00M | -757.00M | -801.00M | -866.00M | -647.00M | -572.00M | -463.00M | -570.00M | -556.00M | -584.00M | -473.00M | -425.00M | -393.00M | -398.00M | -416.00M | -576.00M | -442.00M | -426.00M | -446.00M | -437.00M | -398.00M | -325.00M | -267.00M | -218.00M | -151.80M | -117.50M | -107.80M |
| Income Before Tax | 5.30B | 3.42B | 8.91B | 5.55B | 4.19B | 3.68B | 3.63B | 3.97B | 4.92B | 3.65B | 3.10B | 4.61B | 4.46B | 4.50B | 3.87B | 3.54B | 4.63B | 4.50B | 3.86B | 3.03B | 2.96B | 2.68B | 2.22B | 2.05B | 1.94B | 1.56B | 1.33B | 783.00M | 501.00M | 714.00M | 607.00M | 611.00M | 472.00M | 659.00M | 678.00M | 472.00M | 399.80M | 494.20M | 524.60M |
| Income Before Tax Ratio | 4.93% | 3.13% | 8.40% | 5.93% | 5.36% | 4.88% | 4.99% | 5.71% | 6.67% | 5.03% | 4.27% | 6.29% | 6.38% | 6.67% | 5.92% | 5.44% | 7.30% | 7.56% | 7.34% | 6.47% | 6.15% | 6.09% | 5.56% | 5.56% | 5.74% | 5.03% | 4.78% | 3.09% | 2.13% | 3.35% | 3.16% | 3.41% | 2.93% | 4.47% | 4.97% | 3.87% | 3.74% | 5.34% | 5.97% |
| Income Tax Expense | 1.16B | 638.00M | 1.96B | 1.18B | 921.00M | 746.00M | 722.00M | 1.30B | 1.60B | 1.20B | 1.13B | 1.61B | 1.53B | 1.58B | 1.38B | 1.32B | 1.78B | 1.71B | 1.45B | 1.15B | 1.12B | 1.02B | 842.00M | 789.00M | 751.00M | 594.00M | 524.00M | 309.00M | 190.00M | 280.00M | 232.00M | 228.00M | 171.00M | 249.00M | 268.00M | 185.00M | 171.40M | 239.20M | 241.00M |
| Net Income | 4.14B | 2.78B | 6.95B | 4.37B | 3.28B | 2.94B | 2.91B | 2.74B | 3.36B | -1.64B | 1.97B | 3.00B | 2.93B | 2.92B | 2.49B | 2.21B | 2.85B | 2.79B | 2.41B | 3.20B | 1.84B | 1.65B | 1.37B | 1.26B | 1.14B | 935.00M | 751.00M | 463.00M | 311.00M | 434.00M | 375.00M | 383.00M | 301.00M | 410.00M | 410.00M | 287.00M | 228.40M | 257.10M | 283.60M |
| Net Income Ratio | 3.85% | 2.55% | 6.55% | 4.67% | 4.20% | 3.90% | 4.01% | 3.94% | 4.56% | -2.25% | 2.72% | 4.09% | 4.19% | 4.33% | 3.81% | 3.41% | 4.50% | 4.68% | 4.58% | 6.83% | 3.82% | 3.77% | 3.43% | 3.43% | 3.39% | 3.02% | 2.71% | 1.82% | 1.32% | 2.04% | 1.95% | 2.14% | 1.87% | 2.78% | 3.00% | 2.35% | 2.14% | 2.78% | 3.23% |
| EPS | 8.97 | 6.02 | 14.23 | 8.73 | 6.42 | 5.56 | 5.32 | 4.74 | 5.35 | -2.58 | 3.10 | 4.57 | 4.31 | 4.03 | 3.31 | 2.87 | 3.37 | 3.23 | 2.73 | 3.54 | 1.78 | 1.79 | 1.22 | 1.40 | 1.25 | 1.04 | 0.84 | 0.51 | 0.34 | 0.48 | 0.42 | 0.42 | 0.33 | 0.45 | 0.45 | 0.29 | 0.20 | 0.23 | 0.25 |
| EPS Diluted | 8.94 | 5.98 | 14.10 | 8.64 | 6.36 | 5.51 | 5.29 | 4.70 | 5.31 | -2.56 | 3.07 | 4.52 | 4.28 | 4.00 | 3.30 | 2.86 | 3.33 | 3.21 | 2.71 | 3.51 | 1.76 | 1.78 | 1.21 | 1.38 | 1.23 | 0.99 | 0.80 | 0.48 | 0.33 | 0.46 | 0.40 | 0.40 | 0.31 | 0.43 | 0.45 | 0.29 | 0.20 | 0.23 | 0.25 |
| Weighted Avg Shares Out | 461.50M | 462.10M | 488.10M | 500.60M | 510.90M | 528.60M | 547.74M | 577.60M | 627.70M | 634.70M | 635.10M | 656.70M | 679.10M | 723.60M | 752.00M | 770.40M | 845.40M | 861.90M | 882.00M | 903.80M | 1.02B | 908.00M | 1.12B | 903.50M | 902.78M | 880.00M | 872.20M | 907.84M | 914.71M | 904.17M | 892.86M | 911.90M | 912.12M | 911.11M | 911.11M | 989.66M | 1.14B | 1.12B | 1.13B |
| Weighted Avg Shares Out (Dil) | 462.80M | 464.70M | 492.70M | 505.40M | 515.60M | 533.20M | 550.85M | 582.50M | 632.90M | 640.10M | 641.80M | 663.30M | 683.90M | 729.40M | 754.80M | 773.60M | 850.80M | 868.60M | 889.20M | 912.10M | 1.03B | 914.30M | 1.13B | 913.00M | 930.08M | 934.60M | 927.40M | 964.58M | 942.42M | 943.48M | 937.50M | 957.50M | 970.97M | 953.49M | 911.11M | 989.66M | 1.14B | 1.12B | 1.13B |
Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
CNBC's Jim Cramer said consumers aren't focused on brand names, but on companies that can provide the most value. "Prices have gotten so high over the past few years that we're losing our loyalty to brands," he said.
S&P 500 Gains and Losses Today: Target Stock Tumbles as Earnings Miss the Mark
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Walmart hits new highs and Target dives after earnings as rivals diverge even more
Target and Walmart's quarterly results underscore how the two big-box retailer's performances have diverged. Both discounters are contending with price-conscious shoppers, but Walmart reported improving trends with discretionary merchandise and sharper gains with online sales.
Target's earnings disappoint
Target's third quarter earnings report fell short of Wall Street analysts forecast, a quarter after the retailer increased its full year guidance. For the third quarter, the retailer pointed to weaker sales of discretionary categories and higher costs associated with a...
3-Stock Lunch: Target, Williams-Sonoma and Palo Alto
Bill Strazzulo, Bell Curve Trading chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
Target's third-quarter results came up short, with sales growth of 0.3% from last year. The company described a shift in consumer spending from "resilient" to "resourceful.
Why Target Stock Is Getting Crushed Today
Why Target Stock Is Getting Crushed Today
Target CEO Says Consumer Budgets Are Being ‘Stretched'
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.
Another bullish call for stocks in 2025. Wells Fargo raises S&P 500 target on strong economy, Trump's policy changes.
Another Wall Street firm is increasing its S&P 500 target for next year, with a view that stocks are poised to extend their bull-market run to at least the end of 2025
Target Shoppers Are Waiting to Buy, Questing for Deals, and Stocking Up
Inflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said. People haven't had such a strong reaction to promotions in a while, the retailer said.
Source: https://incomestatements.info
Category: Stock Reports