secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000027419-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/0000027419-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741923000010/tgt-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000027419-23-000010

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