Target Q4 EPS $1.89, down 41% YoY; FY22 EPS $5.98; FY23 guidance $7.75-$8.75

TARGET CORP

2022-FY EPS reported $5.98 revenue$109,120,000,000

Q4 GAAP EPS $1.89 (down 41% YoY); adjusted EPS $1.89; full-year GAAP EPS $5.98 (down 58% YoY).
Q4 comparable sales +0.7% on top of +8.9% in 2021; total revenue $31.4B, +1.3%.
Q4 operating income $1.2B, down 44.7%; gross margin rate 22.7% vs 25.7%.
Full-year operating income $3.8B, down 57.0%; gross margin 23.6% vs 28.3%.
Guidance: Q1 EPS $1.50-$1.90; FY23 EPS $7.75-$8.75; expects operating margin to reach 6% by FY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TARGET CORP reported fourth quarter 2022 results: revenue $31.4 billion, EPS $1.89.

Period: fourth quarter 2022
Revenue: $31.4 billion
EPS: $1.89
Result: reported results

Exact text from the filing

sales grew 0.7 percent in the fourth quarter, reflecting comparable stores sales growth of 1.9 percent and a comparable digital sales decline of (3.6) percent. Total revenue of $31.4 billion grew 1.3 percent in the fourth quarter compared with last year, driven by sales growth of 1.2 percent and an 8.4 percent increase in other revenue. Operating income was $1.2

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TARGET CORP reported full-year 2023 results: EPS $7.75 to $8.75. Guidance initiated.

Period: full-year 2023
EPS: $7.75 to $8.75
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year, the Company expects comparable sales in a wide range from a low-single digit decline to a low-single digit increase. Operating income is expected to grow more than $1 billion, and GAAP EPS and adjusted EPS are both expected to range from $7.75 to $8.75.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TARGET CORP reported full-year 2022 results: revenue $109.1 billion, EPS $5.98.

Period: full-year 2022
Revenue: $109.1 billion
EPS: $5.98
Result: reported results

Exact text from the filing

Full-year total revenue of $109.1 billion grew 2.9 percent compared with 2021, reflecting sales growth of 2.8 percent and a 9.8 percent increase in other revenue.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TARGET CORP reported first quarter 2023 results: EPS $1.50 to $1.90. Guidance initiated.

Period: first quarter 2023
EPS: $1.50 to $1.90
Guidance: initiated
Result: guidance update

Exact text from the filing

First quarter GAAP EPS and adjusted EPS are both expected to range from $1.50 to $1.90.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

TARGET CORP filing history →

Source: SEC EDGAR

accession 0000027419-23-000010

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