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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 |
Target: Q3, Promotional Environment Weighs On Earnings
Target missed the mark in Q3, reporting results well below expectations. Sour investors sent shares in the stock plummeting over 20% during Wednesday's trading hours. While consumers appreciated Target's price promotions, investors were clearly more critical.
Target's value message is not as strong as Walmart's, hence divergence, says BCI Brands' Chirico
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Target: Wake Up To The Real Issues (Rating Upgrade)
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California's Target's look like a ‘jewelry store,' Stew Leonard Jr says
Stew Leonard's CEO Stew Leonard Jr. joins ‘Cavuto: Coast to Coast' to discuss the retail earnings report and its mixed reading for average consumers. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network...
Walmart & Target: A Closer Look at Retail Earnings
Target disappointed once again in its quarterly release, with the company not only missing estimates but also guiding lower. This is in sharp contrast to what we saw in Walmart's beat-and-raise quarterly report.
Walmart & Target: A Closer Look at Retail Earnings
Target disappointed once again in its quarterly release, with the company not only missing estimates but also guiding lower. This is in sharp contrast to what we saw in Walmart's beat-and-raise quarterly report.
Thursday's big stock stories: What's likely to move the market in the next trading session
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Target falls more than 20% after cutting full-year profit outlook
To get the latest market news check out finance.yahoo.com Target (TGT) stock tanked in early trading on Wednesday, falling more than 20% after the retail giant slashed its full-year guidance and missed Wall Street's estimates for both earnings per share...
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