earnings
confidence high
sentiment positive
materiality 0.85
Target Q4 GAAP EPS $3.21, revenue $31.0B; comparable sales +8.9%; FY2022 guidance low-mid single-digit revenue growth
TARGET CORP
2021-FY EPS reported
$14.10
revenue$106,005,000,000
- Q4 GAAP EPS $3.21 vs $2.73 YoY, adjusted EPS $3.19; full-year GAAP EPS $14.10 (+63% YoY).
- Q4 total revenue $31.0B (+9.4%), comparable sales +8.9% on top of +20.5% in Q4 2020.
- FY2022 guidance: low- to mid-single-digit revenue growth, operating margin 8%+, high-single-digit adjusted EPS growth.
- Q4 operating income $2.1B (+14.1%), operating margin 6.8% vs 6.5% YoY; gross margin 25.7% vs 26.8%.
- Full-year after-tax ROIC 33.1% vs 23.5%; repurchased $2.3B of shares in Q4; dividend per share up 32.4%.