---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-22-000023"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:14:57.959486+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000027419-22-000023
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/27419/000002741922000023/0000027419-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741922000023/tgt-20220817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-22-000023
- JSON: https://secwatch.observer/filing/0000027419-22-000023.json
- Plain text: https://secwatch.observer/filing/0000027419-22-000023.txt

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