TGT Q2 2023 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena

TGTTarget Corporation

$55B

Q2 2023 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$24.8B-4.9% YoY

Gross Profit

$7.0B28.2% margin

Operating Income

$1.2B4.8% margin

Net Income

$835M3.4% margin

EPS (Diluted)

$1.80

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

$913M

Stock-Based Comp.

$64M

Balance Sheet

Total Assets

$53.2B

Total Liabilities

$41.2B

Stockholders' Equity

$12.0B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$24.8B	$26.0B	-4.9%
Gross Profit	$7.0B	$5.9B	+18.3%
Operating Income	$1.2B	$321M	+272.9%
Net Income	$835M	$183M	+356.3%

Revenue Segments

Beauty and Household Essentials

$7.5B30%

Food and Beverage

$5.4B21%

Apparel and Accessories

$4.1B16%

Home Furnishings and Decor

$4.0B16%

Hardlines

$3.4B13%

Other Products and Services

$389M2%

Other, Other Revenue

$220M1%

Credit Card Profit Sharing

$169M1%

Other Product

$40M0%