secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0000027419-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741922000011/0000027419-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741922000011/tgt-20220518.htm
  HTML page:      https://secwatch.observer/filing/0000027419-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer