---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-22-000002"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:14:54.227617+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Q4 GAAP EPS $3.21, revenue $31.0B; comparable sales +8.9%; FY2022 guidance low-mid single-digit revenue growth

## Summary
- 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%.

## SEC filing metadata
- accession: 0000027419-22-000002
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741922000002/0000027419-22-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741922000002/tgt-20220301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-22-000002
- JSON: https://secwatch.observer/filing/0000027419-22-000002.json
- Plain text: https://secwatch.observer/filing/0000027419-22-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.