trending Market Intelligence /marketintelligence/en/news-insights/trending/aGgZ81xFkb6bLxibRxlreA2 content esgSubNav
In This List

Target posts fiscal Q4 profit

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Target posts fiscal Q4 profit

Target Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to $896.3 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.4%.

Total revenue totaled $21.75 billion, and total operating expenses totaled $20.17 billion.

Reported net income came to $959.6 million, or $1.49 per share.

For the year, the company's normalized net income totaled $3.92 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.23.

EPS declined 5.8% from $4.16 in the prior year.

Normalized net income was $2.51 billion, a decline of 6.1% from $2.67 billion in the prior year.

Full-year total revenue rose year over year to $72.62 billion from $71.28 billion, and total operating expenses rose on an annual basis to $68.00 billion from $66.40 billion.

The company said reported net income declined 9.1% on an annual basis to $2.45 billion, or $3.83 per share, in the full year, from $2.70 billion, or $4.20 per share.