Target (TGT) Revenue — Quarter Ended Feb 3, 2024
Revenue for the quarter ended February 3, 2024 increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was substantial, while the year-over-year increase was modest.
Key takeaway
Quarter ended Feb 3, 2024 · FY2023 Q4
Revenue for the quarter ended February 3, 2024 increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was substantial, while the year-over-year increase was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$31.9B
Revenue reported for this quarter.
Quarter-over-quarter
+25.7%
Change from the immediately preceding quarter.
Year-over-year
+1.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$107.4B
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 29, 2023 | $25.3B | +0.6% |
| Jul 29, 2023 | $24.8B | -4.9% |
| Oct 28, 2023 | $25.4B | -4.2% |
| Feb 3, 2024 | $31.9B | +1.7% |
Revenue performance
The reported revenue for this quarter was higher than the prior quarter and the year-ago period, reflecting an upward trajectory.
Quarterly comparison
Compared to the preceding quarter, revenue grew significantly. Versus the same quarter a year ago, revenue also increased, though at a slower pace.
What to watch
The company faces intense competition from a wide range of traditional and online retailers, as noted in its filing.