Exhibit (99)

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FOR IMMEDIATE RELEASE

Contacts:John Hulbert, Investors, (612) 761-6627
 Erin Conroy, Media, (612) 761-5928
 Target Media Hotline, (612) 696-3400

Target Corporation Reports Fourth Quarter and Full-Year 2020 Earnings

Q4 2020 Highlights    
Comparable sales grew 20.5 percent, reflecting comparable traffic growth of 6.5 percent and a 13.1 percent increase in average ticket.
Store comparable sales increased 6.9 percent. Digital comparable sales grew 118 percent, accounting for two-thirds of the Company's overall comp growth.
Same-day services (Order Pick Up, Drive Up and Shipt) grew 212 percent, led by more than 500 percent growth in Drive Up.
More than 95 percent of Target’s fourth quarter sales were fulfilled by its stores.
EPS established an all-time high with GAAP EPS of $2.73 and Adjusted EPS of $2.67.
The Company continued to gain market share across all five of its core merchandising categories.
Full-Year 2020 Highlights
Target's 2020 sales growth of more than $15 billion was greater than the Company's total sales growth over the prior 11 years.
Comparable sales grew 19.3 percent, reflecting 7.2 percent growth in store comparable sales, and 145 percent growth in digital comparable sales.
Target's digital sales grew by nearly $10 billion in 2020, driven by 235% growth in the Company's same-day services.
GAAP EPS from continuing operations of $8.64 was 36.3 percent higher than last year, while Adjusted EPS of $9.42 grew 47.4 percent compared with last year.
The Company gained approximately $9 billion in market share.

For additional media materials, please visit:
https://corporate.target.com/article/2021/03/q4-fy2020
– more –
1Adjusted EPS, a non-GAAP financial measure, excludes the impact of certain discretely managed items. See the tables of this release for additional information about the items that have been excluded from Adjusted EPS.

The following information was filed by Target Corp (TGT) on Tuesday, March 2, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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