Target (TGT) Revenue — Quarter Ended Aug 3, 2024
Revenue increased compared with both the prior quarter and the same quarter last year. The company reported higher total revenue, driven by growth in sales and other revenue.
Key takeaway
Quarter ended Aug 3, 2024 · FY2024 Q2
Revenue increased compared with both the prior quarter and the same quarter last year. The company reported higher total revenue, driven by growth in sales and other revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.5B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$107.3B
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 |
|---|---|---|
| Oct 28, 2023 | $25.4B | -4.2% |
| Feb 3, 2024 | $31.9B | +1.7% |
| May 4, 2024 | $24.5B | -3.1% |
| Aug 3, 2024 | $25.5B | +2.7% |
Revenue performance
Total revenue rose from the immediately preceding quarter, reversing the decline seen in the prior period. The year-over-year comparison also showed an increase, marking a return to growth after a decrease in the same quarter a year earlier.
Quarterly comparison
Compared with the prior quarter, revenue improved, while the trailing twelve-month revenue remained higher than the current quarter's annualized run rate. The year-ago quarter had lower revenue, indicating a positive trend.
What to watch
Monitor whether the revenue growth rate can be sustained given the mixed trend of quarterly changes over the past year.