---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-24-000126"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:53:53.084742+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Target Q1 EPS $2.03, revenue $24.5B; comparable sales down 3.7% in line with expectations

## Summary
- Q1 GAAP and Adjusted EPS $2.03 vs $2.05 a year ago; revenue $24.5B down 3.1% YoY.
- Comparable sales declined 3.7%, in line with guidance; digital comps +1.4%, same-day services +9%.
- Gross margin rate improved 140 bps to 27.7%; SG&A expense rate rose to 21.1% from 19.8%.
- Q2 EPS guidance $1.95-$2.35; full-year EPS reaffirmed $8.60-$9.60.
- Inventory down 7% YoY; relaunched Target Circle loyalty program, added >1M new members.

## SEC filing metadata
- accession: 0000027419-24-000126
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741924000126/0000027419-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741924000126/tgt-20240522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-24-000126
- JSON: https://secwatch.observer/filing/0000027419-24-000126.json
- Plain text: https://secwatch.observer/filing/0000027419-24-000126.txt

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