Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common-Size Income Statement
Quarterly Data

Target Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -74.37 -72.58 -72.99 -73.70 -77.29 -75.34 -78.52 -74.35 -74.34 -71.99 -69.60 -70.00 -73.17 -69.43 -69.06 -74.91 -73.73 -70.25 -69.43 -70.39 -74.33 -71.26 -69.73 -70.22
Gross margin 25.63% 27.42% 27.01% 26.30% 22.71% 24.66% 21.48% 25.65% 25.66% 28.01% 30.40% 30.00% 26.83% 30.57% 30.94% 25.09% 26.27% 29.75% 30.57% 29.61% 25.67% 28.74% 30.27% 29.78%
Other revenue 1.44 1.58 1.60 1.50 1.33 1.52 1.50 1.37 1.24 1.43 1.35 1.33 1.22 1.33 1.23 1.26 1.15 1.36 1.31 1.30 1.07 1.31 1.28 1.36
Selling, general and administrative expenses -19.16 -21.26 -21.26 -20.14 -18.32 -19.98 -19.50 -19.18 -18.08 -19.21 -19.53 -18.88 -19.46 -20.80 -19.65 -20.96 -19.48 -22.55 -21.51 -21.05 -19.25 -22.38 -22.02 -21.41
Depreciation and amortization, exclusive of depreciation included in cost of sales -1.98 -2.46 -2.44 -2.34 -1.98 -2.29 -2.23 -2.42 -1.98 -2.28 -2.27 -2.50 -2.04 -2.42 -2.39 -2.98 -2.77 -3.12 -3.09 -3.34 -2.57 -3.01 -3.07 -3.44
Operating income 5.93% 5.27% 4.91% 5.32% 3.74% 3.91% 1.25% 5.42% 6.84% 7.95% 9.94% 9.94% 6.56% 8.66% 10.13% 2.42% 5.17% 5.44% 7.28% 6.52% 4.91% 4.66% 6.46% 6.29%
Net interest expense -0.34 -0.43 -0.58 -0.59 -0.42 -0.48 -0.44 -0.45 -0.34 -0.42 -0.42 -0.45 -0.38 -2.83 -0.54 -0.60 -0.51 -0.61 -0.66 -0.72 -0.48 -0.65 -0.66 -0.73
Net other income (expense) 0.09 0.10 0.07 0.09 0.04 0.05 0.03 0.06 0.08 0.02 0.03 1.44 0.00 -0.02 0.05 -0.11 -0.12 0.07 0.07 0.07 0.03 0.05 0.02 0.04
Earnings from continuing operations before income taxes 5.68% 4.94% 4.40% 4.83% 3.37% 3.48% 0.85% 5.03% 6.59% 7.56% 9.55% 10.93% 6.18% 5.81% 9.64% 1.70% 4.54% 4.89% 6.69% 5.87% 4.46% 4.05% 5.82% 5.60%
Provision for income taxes -1.28 -1.06 -0.97 -1.02 -0.54 -0.75 -0.13 -0.97 -1.54 -1.67 -2.23 -2.14 -1.25 -1.27 -2.20 -0.23 -0.94 -1.06 -1.53 -1.32 -0.95 -0.55 -1.27 -1.27
Net earnings from continuing operations 4.39% 3.88% 3.42% 3.81% 2.83% 2.73% 0.71% 4.06% 5.04% 5.88% 7.32% 8.78% 4.93% 4.54% 7.45% 1.47% 3.60% 3.83% 5.16% 4.55% 3.51% 3.50% 4.55% 4.33%
Discontinued operations, net of tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.02 0.00 0.03 0.00 0.01
Net earnings 4.39% 3.88% 3.42% 3.81% 2.83% 2.73% 0.71% 4.06% 5.04% 5.88% 7.32% 8.78% 4.93% 4.54% 7.45% 1.47% 3.61% 3.88% 5.16% 4.57% 3.51% 3.54% 4.55% 4.34%

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.