Target (TGT) Revenue — Quarter Ended Jan 28, 2023
Revenue for the quarter ended January 28, 2023 increased compared to the same period last year. The growth rate also accelerated relative to the immediately preceding quarter.
Key takeaway
Quarter ended Jan 28, 2023 · FY2022 Q4
Revenue for the quarter ended January 28, 2023 increased compared to the same period last year. The growth rate also accelerated relative to the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$31.4B
Revenue reported for this quarter.
Quarter-over-quarter
+18.4%
Change from the immediately preceding quarter.
Year-over-year
+1.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$109.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $25.2B | +4.0% |
| Jul 30, 2022 | $26B | +3.5% |
| Oct 29, 2022 | $26.5B | +3.4% |
| Jan 28, 2023 | $31.4B | +1.3% |
Revenue performance
The reported revenue rose from the prior quarter, continuing an upward trend seen throughout the fiscal year. The sequential improvement was notably stronger than the year-over-year gain.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue also grew, though at a slower pace than the sequential change.
What to watch
Monitor whether the sequential revenue acceleration can be sustained in the coming quarters.