TGT Q2 2022 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena

TGTTarget Corporation

$55B

Q2 2022 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$26.0B+3.5% YoY

Gross Profit

$5.9B22.6% margin

Operating Income

$321M1.2% margin

Net Income

$183M0.7% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$224M

Stock-Based Comp.

$39M

Balance Sheet

Total Assets

$52.5B

Total Liabilities

$41.9B

Stockholders' Equity

$10.6B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26.0B	$25.2B	+3.5%
Gross Profit	$5.9B	$7.9B	-25.2%
Operating Income	$321M	$2.5B	-87.0%
Net Income	$183M	$1.8B	-89.9%

Revenue Segments

Beauty and Household Essentials

$7.2B27%

Food and Beverage

$5.3B20%

Home Furnishings and Decor

$4.6B18%

Apparel and Accessories

$4.6B17%

Hardlines

$3.9B15%

Other Products and Services

$384M1%

Other, Other Revenue

$203M1%

Credit Card Profit Sharing

$181M1%

Other Product

$47M0%