TGT Q1 2023 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena

TGTTarget Corporation

$55B

Q1 2023 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$25.3B+0.6% YoY

Gross Profit

$6.9B27.4% margin

Operating Income

$1.3B5.2% margin

Net Income

$950M3.8% margin

EPS (Diluted)

$2.05

QoQ Revenue Growth

-19.3%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$340M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$52.1B

Total Liabilities

$40.5B

Stockholders' Equity

$11.6B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25.3B	$25.2B	+0.6%
Gross Profit	$6.9B	$6.7B	+3.4%
Operating Income	$1.3B	$1.3B	-1.3%
Net Income	$950M	$1.0B	-5.8%

Revenue Segments

Beauty and Household Essentials

$7.7B30%

Food and Beverage

$6.0B23%

Apparel and Accessories

$4.0B15%

Home Furnishings and Decor

$3.9B15%

Hardlines

$3.4B13%

Other Products and Services

$374M1%

Other, Other Revenue

$200M1%

Credit Card Profit Sharing

$174M1%

Other Product

$56M0%