TGT Q1 2024 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena

TGTTarget Corporation

$55B

Q1 2024 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$24.5B-3.1% YoY

Gross Profit

$7.1B28.9% margin

Operating Income

$1.3B5.3% margin

Net Income

$942M3.8% margin

EPS (Diluted)

$2.03

QoQ Revenue Growth

-23.1%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$427M

Stock-Based Comp.

$72M

Balance Sheet

Total Assets

$55.1B

Total Liabilities

$41.3B

Stockholders' Equity

$13.8B

Cash & Equivalents

$3.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$24.5B	$25.3B	-3.1%
Gross Profit	$7.1B	$6.9B	+2.1%
Operating Income	$1.3B	$1.3B	-2.4%
Net Income	$942M	$950M	-0.8%

Revenue Segments

Food and Beverage

$5.9B24%

Beauty and Household Essentials

$4.5B19%

Apparel and Accessories

$3.9B16%

Home Furnishings and Decor

$3.5B14%

Hardlines

$3.2B13%

Beauty

$3.1B13%

Other, Other Revenue

$246M1%

Credit Card Profit Sharing

$142M1%

Other Product

$46M0%