TGT Q3 2022 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena

TGTTarget Corporation

$55B

Q3 2022 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$26.5B+3.4% YoY

Gross Profit

$6.8B25.8% margin

Operating Income

$1.0B3.9% margin

Net Income

$712M2.7% margin

EPS (Diluted)

$1.54

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$599M

Free Cash Flow

-$1.2B

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$55.6B

Total Liabilities

$44.6B

Stockholders' Equity

$11.0B

Cash & Equivalents

$954M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26.5B	$25.7B	+3.4%
Gross Profit	$6.8B	$7.4B	-8.2%
Operating Income	$1.0B	$2.0B	-49.2%
Net Income	$712M	$1.5B	-52.2%

Revenue Segments

Beauty and Household Essentials

$7.5B28%

Food and Beverage

$5.7B21%

Home Furnishings and Decor

$4.8B18%

Apparel and Accessories

$4.4B16%

Hardlines

$3.7B14%

Other Products and Services

$396M1%

Other, Other Revenue

$212M1%

Credit Card Profit Sharing

$184M1%

Other Product

$45M0%