Target Revenue: Annual, Quarterly, and Historic - Zippia (2024)

FAQs

What is Target's annual revenue? ›

Full-year total revenue of $109.1 billion grew 2.9 percent compared with 2021, reflecting sales growth of 2.8 percent and a 9.8 percent increase in other revenue. Fourth quarter operating income margin rate was 3.7 percent in 2022 compared with 6.8 percent in 2021.

Target's peak quarterly revenue was $42.2B in 2002(q1). Target peak revenue was $109.1B in 2022. Target annual revenue for 2022 was $109.1B, a 2.94% growth from 2021. Target's revenue growth from 2000 to 2022 is 196.11%.

Target Corporation (NYSE: TGT) today announced its first quarter 2023 financial results, which reflected continued traffic and sales growth in an increasingly challenging environment. The Company reported first quarter GAAP earnings per share (EPS) of $2.05, down 4.8 percent from $2.16 in 2022.

The Company reported fourth-quarter GAAP earnings per share (EPS) of $1.89, compared with $3.21 in 2021, and $5.98 for full-year 2022, compared with $14.10 in 2021. Adjusted EPS1 was $1.89 for the fourth quarter, compared with $3.19 in 2021, and $6.02 for the full-year, compared with $13.56 in 2021.

The Five Year Revenue Growth Rate is the annual compounded growth rate of Revenues over the last 5 years.

Average annual growth rate (AAGR) is the average annualized return of an investment, portfolio, asset, or cash flow over time. AAGR is calculated by taking the simple arithmetic mean of a series of returns.

The data item is calculated as the compounded annual growth rate (CAGR) of revenue over the previous 5 financial years. Compounded annual growth rate is the average annual growth rate of an item over a specified period of time longer than one year.

Target Corp quote is equal to 139.340 USD at 2023-05-26. Based on our forecasts, a long-term increase is expected, the "TGT" stock price prognosis for 2028-05-19 is 287.771 USD. With a 5-year investment, the revenue is expected to be around +106.52%. Your current $100 investment may be up to $206.52 in 2028.

How far in the future are price targets? ›

Because stock brokers or analysts create their own stock price targets, they get to make their own predictions about how long it may take for those stocks to reach their projected value. Price targets are normally set for either 12 months or 18 months.

The 30 analysts offering 12-month price forecasts for Target Corp have a median target of 180.00, with a high estimate of 220.00 and a low estimate of 156.00. The median estimate represents a +27.90% increase from the last price of 140.73.

Further to this, Target generated $30 billion in revenues from its owned and exclusive brands. Target is an attractive company that offers stable returns through dividends and share buybacks. The company currently holds a market valuation of $80 billion, with the market providing a dividend yield of approx. 2.5%.

For the three months ending April 29, 2023, Target reported:

Revenue from sales of $24.95 billion, a 0.5% rise from the $24.83 billion in sales a year earlier. A 0.4% rise in the cost of sales to $18.39 billion from $18.46 billion in the comparable quarter of 2022.

Quarterly results are known from the quarterly reports that companies generate at the end of every three months in their financial year. It is an unaudited summary of financial statements that also includes comparative analysis of the previous quarter and year's figures.

Target Profit Analysis

This covers evaluating the sales level or the amount of revenue that needs to be generated to earn a targeted profit after covering the fixed overhead expenditures and variable overhead expenditures in the targeted period.

You may be asking yourself, “what is a good profit margin?” A good margin will vary considerably by industry, but as a general rule of thumb, a 10% net profit margin is considered average, a 20% margin is considered high (or “good”), and a 5% margin is low.

Target revenue is the aspirational revenue figure which the company wants to achieve. Target revenue can be set for a year, quarter, month or any particular activity. Revenue is the measure of the total amount of sales made by a company during a specific time period.

Revenue is most simply calculated as the number of units sold multiplied by the selling price. Because revenues do not account for costs or expenses, a company's profits, or bottom line, will be lower than its revenue.

In most cases, an ideal growth rate will be around 15 and 25% annually. Rates higher than that may overwhelm new businesses, which may be unable to keep up with such rapid development.

How do you calculate historical growth? ›

To calculate the growth rate, take the current value and subtract that from the previous value. Next, divide this difference by the previous value and multiply by 100 to get a percentage representation of the rate of growth.

Function. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. Historical revenue is the revenue that has been actually realized by the company.

In general, the average revenue is around $44,000 per year for a company with a single owner/employee. Two-thirds of these small businesses make less than $25,000 per year. Most of these businesses are based out of the home.

A Net MRR growth of 10-20% is good by industry experts. By reducing churn, increasing upsells, cross-sell, and add-on, businesses can reach their optimal monthly recurring revenue growth rate.

Revenue describes income generated through business operations, while profit describes net income after deducting expenses from earnings. Revenue can take various forms, such as sales, income from fees, and income generated by property.

A 5-year forecast is an educated projection of your company's financial performance over the next five years. It specifically details projected revenues, costs, expenses, cash flows (including any projected capital raises), and owner equity, as well as projecting sales growth and margins.

For example, if a company's revenue has grown from $25 million in Year 0 to $30 million in Year 1, then the formula for the YoY growth rate is: YoY Growth (%) = ($30 million / $25 million) – 1 = 20.0%

Generally speaking, a good revenue growth rate exceeds the overall growth rate of the economy. For instance, if a country's economy falls within 2% to 4%, your company has a good revenue growth rate if it is growing at 5% or more.

A 10-Year Target Is Your First Step

Instead, organizations need to create a vision of where they want to be in 10 years and it must become the number one goal of the organization.

Target's earnings report for the third quarter of the 2022 fiscal year showed the retailer is still suffering from a slowdown in consumer spending. The most significant sign of troubles was the 2.7% sales growth recorded by the end of October.

What is Target's 5 year return? ›

Five Year Stock Price Total Return for Target is calculated as follows: Last Close Price [ 157.42 ] / Adj Prior Close Price [ 62.49 ] (-) 1 (=) Total Return [ 151.9% ] Prior price dividend adjustment factor is 0.89.

The growth profile will show divergence: the Euro area will likely face a mild recession into late 2022/early 2023, while the U.S. is expected to slide into recession in late 2023. In currency markets, further dollar strength is still expected in 2023, but of a lower magnitude and different composition than in 2022.

"In the first half of 2023, the S&P 500 is expected to re-test the lows of 2022, but a pivot from the Federal Reserve could drive an asset recovery later in the year, pushing the S&P 500 to 4,200 by year-end," the investment bank said in a research note.

Short of a recession — a very real possibility — consensus estimates are for about 5% earnings growth for S&P 500 companies in 2023. That's certainly less than what it was in years past, but still respectable.

The timeframe for targets can be for the full year to even years in advance. Forecasts. A forecast however is what you think will happen, updated regularly with actual figures, often going forward 3-6 months. A forecast needs to be what you think will happen, and focuses on decision making.

Target plans to open about 20 new stores in a variety of sizes as it seeks to reach new guests. Many of the new stores will include new design elements that reflect the local community, experiences that highlight new brands, assortment and services, and sustainable features.

Good economic growth can vary, but typically falls within two to four percent. This means that even if a company is only growing five percent a year, it could still have a good growth rate compared to other businesses. A good growth rate isn't always tied to general economic conditions.

According to its recent earnings release on Wednesday (May 17), Target projected a staggering $500 million drop in profits for the current year, primarily due to inventory shrinkage, which includes merchandise theft.

Target Corporation - Hold

Valuation metrics show that Target Corporation may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of TGT, demonstrate its potential to outperform the market. It currently has a Growth Score of C.

Target's net debt of 1.8 times EBITDA suggests graceful use of debt. And the fact that its trailing twelve months of EBIT was 8.3 times its interest expenses harmonizes with that theme. Shareholders should be aware that Target's EBIT was down 56% last year.

Is Target increasing or decreasing its long term debt? ›

Target long term debt for 2023 was $16.009B, a 18.16% increase from 2022.

Target shares (ticker: TGT) have been falling since last week, dragged down by the company's mixed first-quarter results. While Target topped earnings, it warned that sales would slow going forward as shoppers pulled back on discretionary spending.

Continued inventory issues, along with increased markdowns and rising prices during the three-month period ending July 30 caused the company's profits to fall nearly 90 percent to $183 million, down from $1.8 billion a year ago.

Sales Growth: Look for 20% - 25% or higher growth in the most recent quarter. If the company's sales growth is below that benchmark, make sure it has at least increased in recent quarters.

Quarterly earnings reports are filings made by public companies every three months to provide data on their latest performance. Earnings reports are important to stock analysts, investors, and others as a way of assessing a company's current financial health and its performance over time.

Chief Executive Officer Brian Cornell got total pay of $17.7 million for the fiscal year ending in late January, down from $19.8 million the year before, Target said Monday in a regulatory filing.

Full-Year 2022 Highlights

Total revenue has grown more than $30 billion since 2019. Comparable sales grew 2.2 percent, on top of 12.7 percent in 2021. Comparable traffic grew 2.1 percent, on top of 12.3 percent in 2021.

Interactive chart of historical net worth (market cap) for Target (TGT) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Target net worth as of May 25, 2023 is $64.96B.

Walmart revenue is $611.3B annually. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Walmart's revenue growth from 1999 to 2022 is 266.46%. Walmart has 2,300,000 employees, and the revenue per employee ratio is $265,777.

Who is the highest paid Target worker? ›

The highest-paying job at Target is a Director with a salary of ₹79.4 Lakhs per year.

Target Corp quote is equal to 139.340 USD at 2023-05-26. Based on our forecasts, a long-term increase is expected, the "TGT" stock price prognosis for 2028-05-19 is 287.771 USD. With a 5-year investment, the revenue is expected to be around +106.52%. Your current $100 investment may be up to $206.52 in 2028.

Many stores, including Target, are now facing difficulties getting inventory out of seaports and into the intermodal system for delivery. They're also facing a general change in consumer shopping habits, driven by higher-than-normal inflation.

Target's net debt of 1.8 times EBITDA suggests graceful use of debt.

Target has lost $9 billion in market value since angry social media users called for a boycott of the Minneapolis-based retailer over its rollout of the “PRIDE” collection featuring LGBTQ-friendly clothing for children.

Target Corp (NYSE:TGT)

Institutional investors hold a majority ownership of TGT through the 82.79% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Specialty Stores industry.

American retail corporation Walmart has been the world's largest company by revenue since 2014.

How much does Costco make a year? ›

Costco revenue for the twelve months ending February 28, 2023 was $234.390B, a 11.5% increase year-over-year. Costco annual revenue for 2022 was $226.954B, a 15.83% increase from 2021. Costco annual revenue for 2021 was $195.929B, a 17.49% increase from 2020.

According to Amazon's latest financial reports the company's current revenue (TTM) is $524.89 B. In 2022 the company made a revenue of $513.98 B an increase over the years 2021 revenue that were of $469.82 B. The revenue is the total amount of income that a company generates by the sale of goods or services.