TGTTarget Corporation

$55B

Q3 2023 Earnings

Consumer Defensive Discount Stores

Income Statement

Revenue

$25.4B-4.2% YoY

Gross Profit

$7.2B28.5% margin

Operating Income

$1.3B5.2% margin

Net Income

$971M3.8% margin

EPS (Diluted)

$2.10

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$807M

Stock-Based Comp.

$69M

Balance Sheet

Total Assets

$56.2B

Total Liabilities

$43.7B

Stockholders' Equity

$12.5B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25.4B	$26.5B	-4.2%
Gross Profit	$7.2B	$6.8B	+6.0%
Operating Income	$1.3B	$1.0B	+28.9%
Net Income	$971M	$712M	+36.4%

Revenue Segments

Beauty and Household Essentials

$7.6B30%

Food and Beverage

$5.7B22%

Home Furnishings and Decor

$4.4B17%

Apparel and Accessories

$4.0B16%

Hardlines

$3.2B12%

Other Products and Services

$394M2%

Other, Other Revenue

$229M1%

Credit Card Profit Sharing

$165M1%

Other Product

$30M0%

TGT Q3 2023 Earnings — Target Corporation Revenue & Financial Results | Market Cap Arena