Target (TGT) Revenue — Quarter Ended Apr 29, 2023
Total revenue increased slightly compared with the same quarter one year earlier. However, revenue declined sharply from the immediately preceding quarter.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 Q1
Total revenue increased slightly compared with the same quarter one year earlier. However, revenue declined sharply from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.3B
Revenue reported for this quarter.
Quarter-over-quarter
-19.3%
Change from the immediately preceding quarter.
Year-over-year
+0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$109.3B
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 |
|---|---|---|
| Jul 30, 2022 | $26B | +3.5% |
| Oct 29, 2022 | $26.5B | +3.4% |
| Jan 28, 2023 | $31.4B | +1.3% |
| Apr 29, 2023 | $25.3B | +0.6% |
Revenue performance
The reported revenue direction is upward on a year-over-year basis, driven by a modest increase in both sales and other revenue.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell significantly, reflecting a typical seasonal pattern. Versus the same quarter one year earlier, revenue edged higher.
What to watch
The sequential revenue decline warrants attention for its magnitude relative to the prior quarter.