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.
