Target (TGT) Revenue — Quarter Ended Nov 2, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same period one year earlier. Both sales and other revenue were higher year over year.
Key takeaway
Quarter ended Nov 2, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same period one year earlier. Both sales and other revenue were higher year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.7B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$107.6B
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 |
|---|---|---|
| Feb 3, 2024 | $31.9B | +1.7% |
| May 4, 2024 | $24.5B | -3.1% |
| Aug 3, 2024 | $25.5B | +2.7% |
| Nov 2, 2024 | $25.7B | +1.1% |
Revenue performance
The company reported higher total revenue, with sales and other revenue each showing growth. Operating income, however, declined from the prior year's third quarter.
Quarterly comparison
The increase from the same quarter last year was greater than the increase from the preceding quarter. Revenue rose sequentially as well.
What to watch
Operating income fell compared to the same quarter a year ago, despite higher revenue.