Target (TGT) Revenue — Quarter Ended May 3, 2025
Revenue decreased compared to both the prior quarter and the same period last year. The decline reflects lower sales amid increased inventory levels.
Key takeaway
Quarter ended May 3, 2025 · FY2025 Q1
Revenue decreased compared to both the prior quarter and the same period last year. The decline reflects lower sales amid increased inventory levels.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.8B
Revenue reported for this quarter.
Quarter-over-quarter
-22.9%
Change from the immediately preceding quarter.
Year-over-year
-2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$105.9B
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 |
|---|---|---|
| Aug 3, 2024 | $25.5B | +2.7% |
| Nov 2, 2024 | $25.7B | +1.1% |
| Feb 1, 2025 | $30.9B | -3.1% |
| May 3, 2025 | $23.8B | -2.8% |
Revenue performance
Net sales decreased from the previous quarter and from a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined sharply. Versus the same quarter one year earlier, revenue was also lower.
What to watch
Monitor inventory levels and sales trends for signs of stabilization or further weakness.