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 Reports Fourth Quarter and Full-Year 2018 Earnings
Strong Q4 Caps Off Best Full-Year Comp Sales Growth in More than a Decade

Fourth quarter comparable sales grew 5.3 percent on traffic growth of 4.5 percent.
In the fourth quarter, comparable store sales grew 2.9 percent, and comparable digital sales grew 31 percent.
Stores fulfilled nearly three quarters of Target’s fourth-quarter digital sales.
For both the fourth quarter and full year, the Company saw healthy comparable sales growth and market-share gains across all five of its core merchandise categories.
Full-year comparable sales grew 5.0 percent — Target’s strongest performance since 2005.
In 2018, comparable store sales grew 3.2 percent, and comparable digital sales grew 36 percent.
2018 marks the fifth consecutive year in which Target’s comparable digital sales have grown more than 25 percent.
Full-year GAAP EPS from continuing operations of $5.50 and Adjusted EPS1 of $5.39 established new all-time highs for the Company.
Target returned $951 million to shareholders in the fourth quarter through dividends and share repurchases, bringing the total to $3.4 billion for full-year 2018.

MINNEAPOLIS (Mar. 5, 2019) -
Target Corporation (NYSE: TGT) today announced its fourth-quarter and full-year 2018 results. The Company reported GAAP earnings per share (EPS) from continuing operations of $1.52 in fourth quarter and $5.50 for full-year 2018, compared with $1.99 and $5.29 in 2017, respectively. Fourth quarter Adjusted EPS were $1.53 and full-year Adjusted EPS were $5.39, compared with $1.36 and $4.69 in 2017, respectively.

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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 5, 2019 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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