Target (TGT) 10-K Summary — Year Ended Feb 3, 2024
Target Corporation filed its annual report for the most recent fiscal period. The summary highlights the company's retail operations, financial performance, and key risks.
Key takeaway
Year ended Feb 3, 2024 · FY2025 10-K
Target Corporation filed its annual report for the most recent fiscal period. The summary highlights the company's retail operations, financial performance, and key risks.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$107.4B
Revenue reported for the fiscal year.
Operating income
$5.7B
Income from operations reported for the year.
Net income
$4.1B
Net income reported for the year.
Operating cash flow
$8.6B
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% |
| Feb 3, 2024 | $107.4B | -1.6% |
Business overview
Target Corporation is a general merchandise retailer operating primarily in the United States. The company competes with a broad range of retailers, including traditional stores, internet retailers, and specialty formats. Its brand image and key trademarks are central to its business strategy.
Financial performance
Annual revenue declined compared to the prior period, while operating income and net income were lower than in the previous year. Operating cash flow remained positive and supported the company's financial position.
Material risks
The company faces intense competition from various retail channels, which could pressure margins and market share. Its brand image and intellectual property are critical to differentiation, and any failure to protect them may harm the business. Cybersecurity risks are also noted as a factor to manage.
Liquidity and capital
The company generated positive operating cash flow, providing liquidity for ongoing operations and investments. No specific capital allocation changes were highlighted in the supplied context.
What to watch
Monitor whether the company's revenue trend stabilizes or continues to decline in the next annual report.