---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-24-000008"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:16:55.701072+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Q4 GAAP EPS $2.98, beats high-end of guidance; Q1 2024 comp sales seen down 3-5%

## Summary
- Q4 GAAP & adjusted EPS $2.98 vs $1.89 last year, above guidance of $1.90–$2.60.
- Total revenue $31.9B (+1.7% YoY); comparable sales declined 4.4%.
- Full-year 2023 GAAP & adjusted EPS $8.94, nearly 50% higher YoY; operating income margin 5.3%.
- Q1 2024 guidance: comp sales -3 to -5%; EPS $1.70–$2.10. Full-year 2024 EPS $8.60–$9.60.
- Same-day services grew 13.6% in Q4; efficiency savings >$500M in 2023.

## SEC filing metadata
- accession: 0000027419-24-000008
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/27419/000002741924000008/0000027419-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741924000008/tgt-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-24-000008
- JSON: https://secwatch.observer/filing/0000027419-24-000008.json
- Plain text: https://secwatch.observer/filing/0000027419-24-000008.txt

## Key facts
- Earnings Releases
  TARGET CORP reported full-year 2023 results: revenue $107.4 billion, EPS $8.94. Guidance initiated.
  - Period: full-year 2023
  - Revenue: $107.4 billion
  - EPS: $8.94
  - Guidance: initiated
  - Result: reported results
  source text: Operating income was $1.9 billion in fourth quarter 2023, an increase of 60.9 percent from $1.2 billion in 2022. Full-year sales decreased 1.7 percent to $105.8 billion from $107.6 billion last year, reflecting a 3.7 percent decrease in comparable sales partially offset by sales from non-mature stores and an additional week in 2023. – more – Target Corporation
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741924000008/0000027419-24-000008-index.htm
- Earnings Releases
  TARGET CORP reported fourth quarter 2023 results: revenue $31.9 billion, EPS $2.98. Guidance initiated.
  - Period: fourth quarter 2023
  - Revenue: $31.9 billion
  - EPS: $2.98
  - Guidance: initiated
  - Result: reported results
  source text: declined 4.4 percent in the fourth quarter, reflecting comparable stores sales declines of 5.4 percent and a comparable digital sales decline of 0.7 percent. Total revenue of $31.9 billion grew 1.7 percent in the fourth quarter compared with 2022, driven by sales growth of 1.6 percent and a 9.8 percent increase in other revenue. Sales growth reflected an additional
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741924000008/0000027419-24-000008-index.htm

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