---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-22-000011"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T10:29:10.238753+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Target Q1 EPS $2.16 (-48% YoY); operating margin 5.3% vs 9.8%; FY margin guided ~6%

## Summary
- GAAP EPS $2.16 down 48.2% YoY; adjusted EPS $2.19 down 40.7%.
- Revenue $25.2B +4.0%; comparable sales +3.3% on +22.9% last year.
- Gross margin rate 25.7% vs 30.0% due to markdowns, freight, excess inventory.
- Operating margin 5.3% vs 9.8%; Q2 guided ~5.3%, FY2022 guided ~6%.
- Entered $2.75B ASR; dividends per share increased 32.4%.

## SEC filing metadata
- accession: 0000027419-22-000011
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741922000011/0000027419-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741922000011/tgt-20220518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-22-000011
- JSON: https://secwatch.observer/filing/0000027419-22-000011.json
- Plain text: https://secwatch.observer/filing/0000027419-22-000011.txt

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