Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common-Size Income Statement
Quarterly Data

Beginner level

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

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3 months ended: 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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -69.06 -74.91 -73.73 -70.25 -69.43 -70.39 -74.33 -71.26 -69.73 -70.22 -74.06 -70.27 -69.51 -69.51 -73.05 -69.77 -68.66 -69.06 -72.11 -70.63 -69.15 -69.58 -71.54 -70.54 -69.58 -70.53
Gross margin 30.94% 25.09% 26.27% 29.75% 30.57% 29.61% 25.67% 28.74% 30.27% 29.78% 25.94% 29.73% 30.49% 30.49% 26.95% 30.23% 31.34% 30.94% 27.89% 29.37% 30.85% 30.42% 28.46% 29.46% 30.42% 29.47%
Other revenue 1.23 1.26 1.15 1.36 1.31 1.30 1.07 1.31 1.28 1.36 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
Selling, general and administrative expenses -19.65 -20.96 -19.48 -22.55 -21.51 -21.05 -19.25 -22.38 -22.02 -21.41 -18.55 -21.07 -20.59 -19.55 -17.47 -20.31 -20.09 -19.47 -18.13 -21.21 -20.06 -20.53 -18.65 -21.12 -21.22 -20.27
Depreciation and amortization, exclusive of depreciation included in cost of sales -2.39 -2.98 -2.77 -3.12 -3.09 -3.34 -2.57 -3.01 -3.07 -3.44 -2.34 -3.44 -3.13 -3.58 -2.96 -3.47 -3.53 -3.37 -2.59 -3.19 -3.16 -3.15 -2.51 -3.10 -3.17 -3.07
Gain on sale 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 0.00 2.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income 10.13% 2.42% 5.17% 5.44% 7.28% 6.52% 4.91% 4.66% 6.46% 6.29% 5.06% 5.21% 6.78% 7.35% 6.52% 6.45% 7.72% 8.10% 10.03% 4.97% 7.63% 6.74% 7.29% 5.24% 6.03% 6.14%
Net interest expense -0.54 -0.60 -0.51 -0.61 -0.66 -0.72 -0.48 -0.65 -0.66 -0.73 -0.58 -1.52 -0.82 -0.90 -0.68 -0.86 -1.90 -2.56 -0.71 -0.86 -0.85 -0.91 -0.69 -0.85 -2.55 -0.91
Net other income (expense) 0.05 -0.11 -0.12 0.07 0.07 0.07 0.03 0.05 0.02 0.04 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
Earnings from continuing operations before income taxes 9.64% 1.70% 4.54% 4.89% 6.69% 5.87% 4.46% 4.05% 5.82% 5.60% 4.47% 3.69% 5.96% 6.46% 5.84% 5.59% 5.82% 5.54% 9.33% 4.12% 6.78% 5.84% 6.60% 4.39% 3.48% 5.22%
Provision for income taxes -2.20 -0.23 -0.94 -1.06 -1.53 -1.32 -0.95 -0.55 -1.27 -1.27 0.37 -0.82 -1.87 -2.23 -1.87 -1.89 -1.95 -1.75 -2.76 -1.41 -2.35 -2.03 -2.18 -1.34 -1.17 -1.80
Net earnings from continuing operations 7.45% 1.47% 3.60% 3.83% 5.16% 4.55% 3.51% 3.50% 4.55% 4.33% 4.84% 2.87% 4.08% 4.23% 3.97% 3.70% 3.87% 3.79% 6.57% 2.70% 4.44% 3.80% 4.42% 3.05% 2.31% 3.43%
Discontinued operations, net of tax 0.00 0.00 0.00 0.04 0.00 0.02 0.00 0.03 0.00 0.01 0.00 0.01 0.01 0.02 -0.02 0.00 0.34 0.11 0.02 0.41 -0.11 -0.09 -16.56 -1.01 -0.93 -0.92
Net earnings (loss) 7.45% 1.47% 3.61% 3.88% 5.16% 4.57% 3.51% 3.54% 4.55% 4.34% 4.84% 2.88% 4.09% 4.25% 3.95% 3.70% 4.21% 3.90% 6.59% 3.12% 4.32% 3.71% -12.14% 2.04% 1.38% 2.51%

Based on: 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Target Corp.’s operating income as a percentage of sales decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
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.’s earnings from continuing operations before income taxes as a percentage of sales decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
Net earnings (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Target Corp.’s net earnings (loss) as a percentage of sales decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.