Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common-Size Income Statement

Target Corp., common-size consolidated income statement

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12 months ended: Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -71.66 -71.62 -71.13 -71.61 -71.13 -70.32
Gross margin 28.34% 28.38% 28.87% 28.39% 28.87% 29.68%
Other revenue 1.33 1.26 1.27 1.24 0.00 0.00
Selling, general and administrative expenses -18.88 -20.15 -21.05 -21.12 -19.82 -19.22
Depreciation and amortization, exclusive of depreciation included in cost of sales -2.24 -2.41 -3.06 -2.99 -3.05 -3.31
Operating income 8.55% 7.08% 6.04% 5.52% 6.00% 7.15%
Net interest expense -0.40 -1.06 -0.62 -0.62 -0.93 -1.44
Net other income (expense) 0.37 -0.02 0.01 0.04 0.00 0.00
Earnings from continuing operations before income taxes 8.51% 6.00% 5.43% 4.94% 5.07% 5.71%
Provision for income taxes -1.87 -1.27 -1.19 -1.00 -1.00 -1.86
Net earnings from continuing operations 6.64% 4.73% 4.24% 3.94% 4.07% 3.84%
Discontinued operations, net of tax 0.00 0.00 0.02 0.01 0.01 0.10
Net earnings 6.64% 4.73% 4.25% 3.95% 4.08% 3.94%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Target Corp. operating income as a percentage of sales increased from 2020 to 2021 and from 2021 to 2022.
Earnings from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Target Corp. earnings from continuing operations before income taxes as a percentage of sales increased from 2020 to 2021 and from 2021 to 2022.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Target Corp. net earnings as a percentage of sales increased from 2020 to 2021 and from 2021 to 2022.