Target (TGT) 10-K Summary — Year Ended Jan 28, 2023

Target Corporation is a U.S. retailer. The company reported higher revenue for the most recent period compared to the prior period, along with positive operating income, net income, and operating cash flow.

Key takeaway

Year ended Jan 28, 2023 · FY2024 10-K

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$109.1B

Revenue reported for the fiscal year.

Operating income

$3.8B

Income from operations reported for the year.

Net income

$2.8B

Net income reported for the year.

Operating cash flow

$4B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period ended	Revenue	Year-over-year change
Jan 29, 2022	$106B	n/a
Jan 28, 2023	$109.1B	+2.9%

Business overview

Target operates as a retailer in the United States, competing with traditional and internet retailers. The company's brand image and trademarks are central to its strategy. Its revenues and assets are primarily located in the U.S.

Financial performance

Revenue increased from the earlier period to the later period. The company reported operating income, net income, and operating cash flow. No further performance details are provided.

Material risks

The company faces intense competition from various retail formats including department stores, off-price retailers, wholesale clubs, and online retailers. This competition may affect its ability to differentiate itself and provide value to guests.

Liquidity and capital

The supplied context references additional liquidity and capital resources details in the MD&A section, but no specific themes are described.

What to watch

Monitor the company's revenue performance in the next filing.