NYSE$TGT
Target Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Target reported solid Q4 2024 results with a 1.5% increase in comparable sales and strong digital growth.
Target's Q4 2024 revenue was $30.92 billion, reflecting a 3.1% decline due to an extra week in Q4 2023. Comparable sales increased by 1.5%, supported by digital sales growth of 8.7%. Net income decreased by 20.2% to $1.10 billion, while EPS stood at $2.41. Operating income margin was impacted by higher digital fulfillment costs and increased promotional activity.
- Q4 2024 revenue reached $30.92 billion, down 3.1% due to an extra week in Q4 2023.
- Comparable sales increased by 1.5%, with digital sales up 8.7%.
- Net income declined 20.2% to $1.10 billion.
- Operating income margin fell to 4.7% from 5.8% in Q4 2023.
Headline financials
Revenue & EPS history
Target · Revenue · Quarterly
$30.9B
Revenue by segment
Target · $25.4B total across 9 segments · Q1 2027
- Food & beverage$6.26B—24.7%
- Household essentials$4.57B—18.0%
- Apparel & accessories$3.85B—15.1%
- Hardlines (Fun 101)$3.52B—13.9%
- Beauty$3.4B—13.4%
- Home furnishings & décor$3.24B—12.8%
- Advertising revenue$246M—1.0%
- Other$173M—0.7%
- Credit card profit sharing$130M—0.5%
Forward guidance
Target expects modest sales growth in 2025, with net sales projected to increase around 1%. The company anticipates a slight improvement in operating margin but foresees profit pressure in Q1 due to seasonality and consumer uncertainty.
Tailwinds
- Net sales expected to grow around 1% in 2025.
- Operating margin expected to see modest improvement.
- Continued strength in digital sales growth.
- Expansion of supply chain and digital fulfillment capabilities.
- Focus on cost efficiency and operational improvements.
Headwinds
- Potential profit pressure in Q1 due to seasonal factors.
- Ongoing consumer uncertainty may impact discretionary spending.
- Higher promotional activity could weigh on margins.
- Rising digital fulfillment costs remain a challenge.
- Tariff uncertainties could impact sourcing and cost structure.
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 Q4 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
| Quarter | Report date | Reaction (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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