Target (TGT) Revenue — Quarter Ended Oct 28, 2023
Revenue decreased compared to the same quarter last year but increased from the immediately preceding quarter. The sequential improvement reversed a prior decline.
Key takeaway
Quarter ended Oct 28, 2023 · FY2023 Q3
Revenue decreased compared to the same quarter last year but increased from the immediately preceding quarter. The sequential improvement reversed a prior decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
-4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$106.9B
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 |
|---|---|---|
| Jan 28, 2023 | $31.4B | +1.3% |
| Apr 29, 2023 | $25.3B | +0.6% |
| Jul 29, 2023 | $24.8B | -4.9% |
| Oct 28, 2023 | $25.4B | -4.2% |
Revenue performance
The reported revenue reflects a decline from the prior-year period, while showing a modest sequential gain. The trailing twelve-month revenue was lower than the comparable prior-year total.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. However, compared to the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters.