NYSE$TGT

Target Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Headline financials

Total Revenue

$24.8B

Previous: $26B-4.9%
EPS (adj)

$1.80

Previous: $0.39+361.5%
Capital Expenditures

-$2.83B

Previous: -$2.52B-12.0%
Free Cash Flow

-$1.99B

Previous: -$2.34B+15.0%
Net Income

$835M

Previous: $183M+356.3%
Operating Income

$1.2B

Previous: $321M+272.9%
Gross Profit

$6.98B

Previous: $7.88B-11.5%
Cash & Equivalents

$1.12B

Previous: $7.37B-84.8%
Total Assets

$53.2B

Previous: $52.5B+1.4%
Stock-Based Comp

$39M

Previous: $59M-33.9%

Revenue & EPS history

Target · Revenue · Quarterly

$24.8B

Q2 2023-4.9%vs Q2 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Target · $25.4B total across 9 segments · Q1 2027

  • Food & beverage
    $6.26B
  • Household essentials
    $4.57B
  • Apparel & accessories
    $3.85B
  • Hardlines (Fun 101)
    $3.52B
  • Beauty
    $3.4B
  • Home furnishings & décor
    $3.24B
  • Advertising revenue
    $246M
  • Other
    $173M
  • Credit card profit sharing
    $130M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-0.3%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-1.2%

Avg return

30 days after

41%

28 / 69 earnings

Positive

+24.3%

Q2 2019

Best reaction

-28.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-4.6%
Q4 2026+4.3%+6.7%+6.4%
Q3 2026-2.3%-4.5%+10.7%
Q2 2026-7.9%-7.8%-16.4%
Q1 2025-5.3%-3.9%-2.6%
Q4 2024-3.0%-4.7%-21.9%
Q3 2024-22.1%-16.3%-15.7%
Q2 2024+8.7%+10.1%+7.2%
Q1 2024-7.3%-6.8%-6.2%
Q4 2023+15.3%+12.8%+14.4%
Q3 2023+17.3%+0.4%+7.2%
Q2 2023+4.0%+2.2%-1.6%
Q1 2023-1.7%-3.2%-14.7%
Q4 2022-2.6%-0.5%-3.9%
Q3 2022-9.5%-11.7%-18.2%
Q2 2022-4.0%-10.1%-8.9%
Q1 2022-28.7%-28.5%-35.3%
Q4 2021+12.6%+12.2%+6.2%
Q3 2021-5.4%-8.2%-16.2%
Q2 2021-3.6%-0.8%-3.1%
Q1 2021+7.4%+9.2%+11.7%
Q4 2020-6.7%-7.2%+7.9%
Q3 2020+5.1%+8.9%+4.5%
Q2 2020+11.2%+11.9%+8.7%
Q1 2020-3.6%-4.6%-2.1%
Q4 2019-1.1%-2.9%-13.5%
Q3 2019+15.2%+12.9%+16.5%
Q2 2019+24.3%+22.5%+24.7%
Q1 2019+10.3%+13.4%+21.7%
Q4 2018+5.8%+4.3%+12.0%
Q3 2018-11.0%-13.4%-20.7%
Q2 2018+4.1%+4.0%+4.9%
Q1 2018-6.0%-5.6%+0.8%
Q4 2017-4.9%-6.2%-3.6%
Q3 2017-8.3%-3.7%+4.2%
Q2 2017+3.3%+4.1%+10.3%
Q1 2017+2.4%+1.7%-3.5%
Q4 2016-13.6%-14.3%-17.4%
Q3 2016+6.6%+7.1%+7.4%
Q2 2016-6.9%-6.7%-8.3%
Q1 2016-8.9%
Q4 2015+6.3%
Q3 2015-3.2%
Q2 2015+0.4%
Q1 2015+1.9%
Q4 2014-0.1%
Q3 2014+5.5%
Q2 2014+3.1%
Q1 2014-1.9%
Q4 2013+7.3%
Q3 2013-4.2%
Q2 2013-5.5%
Q1 2013-3.6%
Q4 2012-1.7%
Q3 2012+1.8%
Q2 2012+0.8%
Q1 2012-0.5%
Q4 2011-0.2%
Q3 2011-0.7%
Q2 2011-1.7%
Q1 2010-2.5%
Q1 2011+0.2%
Q4 2010+1.2%
Q4 2008+1.2%
Q3 2010-0.0%
Q3 2009-0.0%
Q2 2010-0.6%
Q2 2009-0.6%
Q4 2009-0.6%

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