Target Q2 EPS $0.39 (-89% YoY); operating margin 1.2% on inventory markdowns

TARGET CORP

2022-Q2 EPS reported $2.55 revenue$51,207,000,000

GAAP diluted EPS $0.39, down 89.2% from $3.65; adjusted EPS also $0.39.
Total revenue $26.0B (+3.5% YoY); comparable sales +2.6% on top of 8.9% growth last year.
Operating income $321M (-87%); gross margin rate 21.5% vs 30.4% last year, driven by higher markdowns and freight costs.
Reduced fall discretionary receipts by over $1.5B; completed $2.6B ASR repurchase at avg $211.58/share.
Full-year guidance: revenue growth low- to mid-single-digits; H2 operating margin around 6%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.