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Feb 01
Target Q4 2024 Earnings Report
Target reported solid Q4 2024 results with a 1.5% increase in comparable sales and strong digital growth.
Key Takeaways
Target's Q4 2024 revenue was $30.92 billion, reflecting a 3.1% decline due to an extra week in Q4 2023. Comparable sales increased by 1.5%, supported by digital sales growth of 8.7%. Net income decreased by 20.2% to $1.10 billion, while EPS stood at $2.41. Operating income margin was impacted by higher digital fulfillment costs and increased promotional activity.
Q4 2024 revenue reached $30.92 billion, down 3.1% due to an extra week in Q4 2023.
Comparable sales increased by 1.5%, with digital sales up 8.7%.
Net income declined 20.2% to $1.10 billion.
Operating income margin fell to 4.7% from 5.8% in Q4 2023.
Target
Target
Target Revenue by Segment
Target Revenue by Geographic Location
Revenue by Segment
Apparel & Accessories Revenue
CapyFin.comBeauty Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comHardlines Revenue
CapyFin.comHome Furnishing & Décor Revenue
CapyFin.comHousehold Essentials Revenue
CapyFin.comOther Merchandise Revenue
CapyFin.comCredit Card Profit Sharing Revenue
CapyFin.comOther Non-Merchandise Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Target expects modest sales growth in 2025, with net sales projected to increase around 1%. The company anticipates a slight improvement in operating margin but foresees profit pressure in Q1 due to seasonality and consumer uncertainty.
Positive Outlook
- Net sales expected to grow around 1% in 2025.
- Operating margin expected to see modest improvement.
- Continued strength in digital sales growth.
- Expansion of supply chain and digital fulfillment capabilities.
- Focus on cost efficiency and operational improvements.
Challenges Ahead
- Potential profit pressure in Q1 due to seasonal factors.
- Ongoing consumer uncertainty may impact discretionary spending.
- Higher promotional activity could weigh on margins.
- Rising digital fulfillment costs remain a challenge.
- Tariff uncertainties could impact sourcing and cost structure.
Revenue & Expenses
Visualization of income flow from segment revenue to net income