{"schema_version":"secwatch.filing_event.v1","accession":"0000027419-23-000010","form_type":"8-K","ticker":"TGT","cik":"0000027419","company_name":"TARGET CORP","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.556804+00:00","generated_at":"2026-06-18T22:54:04.243013+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Target Q4 EPS $1.89, down 41% YoY; FY22 EPS $5.98; FY23 guidance $7.75-$8.75","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000027419-23-000010","json":"https://secwatch.observer/filing/0000027419-23-000010.json","markdown":"https://secwatch.observer/filing/0000027419-23-000010.md","text":"https://secwatch.observer/filing/0000027419-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/tgt-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:54:04.243013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"778bbf3022ba8c5638cc65c9d821f555ecb7a4a1","claim":"TARGET CORP reported fourth quarter 2022 results: revenue $31.4 billion, EPS $1.89.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2022"},{"label":"Revenue","value":"$31.4 billion"},{"label":"EPS","value":"$1.89"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7af4a7f4f46137fbcb4fbf1f62ca435e1811c185","claim":"TARGET CORP reported full-year 2023 results: EPS $7.75 to $8.75. Guidance initiated.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"EPS","value":"$7.75 to $8.75"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"bb291999fdbc9134a1ee9eadb2e1dfbc197df659","claim":"TARGET CORP reported full-year 2022 results: revenue $109.1 billion, EPS $5.98.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2022"},{"label":"Revenue","value":"$109.1 billion"},{"label":"EPS","value":"$5.98"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f741c4cba4ce26cec5475695fcdb100f2230e015","claim":"TARGET CORP reported first quarter 2023 results: EPS $1.50 to $1.90. Guidance initiated.","evidence_excerpt":"First quarter GAAP EPS and adjusted EPS are both expected to range from $1.50 to $1.90.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"EPS","value":"$1.50 to $1.90"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}