Target Corp (TGT) 10K Annual Reports & 10Q SEC Filings

•Inventory at the end of the quarter was 3 percent lower than in 2021, despite an increase in early receipts compared with last year. Inventory in discretionary categories was approximately 13 percent lower than a year ago, partially offset by higher inventory in frequency categories.

Full-Year 2022 Highlights

•Total revenue grew $3 billion to $109 billion, from $106 billion in 2021. Total revenue has grown more than $30 billion since 2019.

•Comparable sales grew 2.2 percent, on top of 12.7 percent in 2021.

•Comparable traffic grew 2.1 percent, on top of 12.3 percent in 2021.

•All five core merchandise categories delivered unit share growth, on top of strong share performance over the past several years.

•The Company continues to invest in long-term growth plans while pursuing efficiency initiatives.

For additional media materials, please visit:

https://corporate.target.com/article/2023/02/q4-fy2022

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The following information was filed by Target Corp (TGT) on Tuesday, February 28, 2023 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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https://last10k.com/sec-filings/report/27419/000002741923000015/tgt-20230128.htm

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Target Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

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Inside Target Corp's 10-K Annual Report:

Financial - Earnings Highlight
MANAGEMENT'S DISCUSSION AND ANALYSIS ANALYSIS OF FINANCIAL CONDITION Index to Financial Statements Analysis of Financial Condition Liquidity and Capital Resources Capital Allocation We follow a disciplined and balanced approach to capital allocation based on the following priorities, ranked in order of importance: first, we fully invest in opportunities to profitably grow our business, create sustainable long-term value, and maintain our current operations and assets; second, we maintain a competitive quarterly dividend and seek to grow it annually; and finally, we return any excess cash to shareholders by repurchasing shares within the limits of our credit rating goals.

Financial - Cash Flow Highlight
For 2022, operating cash flows decreased as a result of lower earnings and lower accounts payable leverage, partially offset by decreased inventory investment, compared with 2021.
Financial - Earnings Highlight
Reconciliation of Non-GAAP Financial Measures to GAAP Measures To provide additional transparency, we have disclosed non-GAAP adjusted diluted earnings per share (Adjusted EPS).
Revenue - Product Highlight
Our stores fulfill the majority of digitally originated sales, including shipment from stores to guests, store Order Pickup or Drive Up, and delivery via Shipt.
Revenue - Product Highlight
Sales growth - from both comparable sales and new stores - represents an important driver of our long-term profitability.
Revenue - Product
Executive Overview We continue to...Read more
Other - Other
We believe that the amounts...Read more
Financial - Dividend
Dividends We paid dividends totaling...Read more
Financial - Dividend
We declared dividends totaling $1.9...Read more
Financial - Expense
These factors, net of the...Read more
Financial - Income
Provision for Income Taxes Our...Read more
Revenue - Product
Comparable sales increased 2.2 percent,...Read more
Other - Other
Management believes that Adjusted EPS...Read more
Financial - Cash Flow
Operating cash flow was $4.0...Read more
Revenue - Product
MANAGEMENT'S DISCUSSION AND ANALYSIS ANALYSIS...Read more
Revenue - Product
?Comparable store originated sales grew...Read more
Financial - Cash Flow
An impairment loss is recognized...Read more
Other - Other
Other companies may calculate Adjusted...Read more
Revenue - Product
We expect that comparable sales...Read more
Revenue - Product
Total revenue increased 2.9 percent,...Read more
Revenue - Product
2021 included the $335 million...Read more
Financial - Cash Flow
The drivers of the operating...Read more
Revenue - Product
Business Environment Following the onset...Read more
Financial - Expense
This decrease reflected the net...Read more
Revenue - Product
?Comparable digitally originated sales increased...Read more
Financial - Debt
Our continued access to these...Read more
Other - Other
In response to this shift...Read more
Revenue - Product
Sale of Dermstore In February...Read more
Revenue - Product
Sales were $107.6 billion for...Read more
Other - Other
Capital expenditures increased in 2022...Read more
Financial - Expense
The following items require significant...Read more
Financial - Debt
We believe these measures provide...Read more
Other - Other
However, we maintain stop-loss coverage...Read more
Revenue - Product
As a result, our comparable...Read more
Other - Other
Other companies may calculate EBIT...Read more
Financial - Income
We establish a receivable for...Read more
Financial - Expense
Within these parameters, we seek...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Target Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.4 1: Material Contract

Exhibit 10.4 2: Material Contract

Exhibit 10.4 3: Material Contract

Exhibit 10.9: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 24.1: Power Of Attorney

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: TGT
CIK: 27419
Form Type: 10-K Annual Report
Accession Number: 0000027419-23-000015
Submitted to the SEC: Wed Mar 08 2023 4:04:18 PM EST
Accepted by the SEC: Wed Mar 08 2023
Period: Saturday, January 28, 2023
Industry: Retail Variety Stores