NYSE$TGT

Target Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

TGT Q2 2024 — $25.50B revenue, 2.58 EPS

While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of. Target Corp reported Q2 2024 results. Diluted EPS came in at $2.58. Net income of $2K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $25.50B.
  • Diluted EPS: $2.58.
  • Net income: $2K.
  • Operating income: $2K.

Headline financials

Total Revenue

$25.5B

Previous: $24.8B+2.7%
EPS

$2.57

Previous: $1.80+42.8%
Capital Expenditures

-$1.31B

Previous: -$2.83B+53.5%
Free Cash Flow

-$121M

Previous: -$1.99B+93.9%
Net Income

$1.19B

Previous: $835M+42.8%
Operating Income

$1.64B

Previous: $1.2B+36.6%
Gross Profit

$7.65B

Previous: $6.98B+9.7%
Total Assets

$56B

Previous: $53.2B+5.2%
Stock-Based Comp

$64M

Previous: $39M+64.1%

Revenue & EPS history

Target · Revenue · Quarterly

$25.5B

Q2 2024+2.7%vs Q2 2023
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 2024

Historical avgQ2 2024

-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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