Target (TGT) Revenue — Quarter Ended Jul 29, 2023
Total revenue declined from both the prior quarter and the same period a year earlier. The decrease was driven entirely by lower sales, while other revenue was relatively stable.
Key takeaway
Quarter ended Jul 29, 2023 · FY2023 Q2
Total revenue declined from both the prior quarter and the same period a year earlier. The decrease was driven entirely by lower sales, while other revenue was relatively stable.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$24.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.2%
Change from the immediately preceding quarter.
Year-over-year
-4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$108B
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 |
|---|---|---|
| Oct 29, 2022 | $26.5B | +3.4% |
| Jan 28, 2023 | $31.4B | +1.3% |
| Apr 29, 2023 | $25.3B | +0.6% |
| Jul 29, 2023 | $24.8B | -4.9% |
Revenue performance
Sales fell compared with the immediately preceding quarter and the year-ago quarter. Cost of sales also decreased, though selling, general and administrative expenses rose.
Quarterly comparison
When compared with the prior quarter, revenue was lower; the trend data shows a decline from the immediately preceding period. Against the same quarter one year earlier, revenue also contracted.
What to watch
Monitor whether the recent downward trend in quarterly revenue persists or stabilizes in upcoming periods.