secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0000027419-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Q2 EPS $2.57 (+43% YoY) on revenue $25.5B; raises full-year EPS guidance to $9.00-$9.70
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- GAAP & Adjusted EPS $2.57 vs $1.80 last year; operating income $1.6B (+36.6%).
- Comparable sales +2.0% (traffic +3%, digital +8.7%); gross margin 28.9% vs 27.0%.
- Full-year EPS guidance raised to $9.00-$9.70 from $8.60-$9.60; Q3 guidance $2.10-$2.40.
- Operating margin rate 6.4% (+160 bps); ROIC 16.6% vs 13.7% a year ago.
- Paid $509M in dividends, repurchased $155M in shares (1.1M shares at avg $145.94).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000142/0000027419-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000142/tgt-20240821.htm
  HTML page:      https://secwatch.observer/filing/0000027419-24-000142

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