Operating income was $1.0 billion in third quarter 2022, down 49.2 percent from $2.0 billion in 2021, driven primarily by a decline in the Company’s gross margin rate. Third quarter operating income margin rate was 3.9 percent in 2022, compared with 7.8 percent in 2021.
What is targets yearly revenue?
Target revenue is $93.6B annually. After extensive research and analysis, Zippia’s data science team found the following key financial metrics. Target’s revenue growth from 2016 to 2020 is 33.14%. Target has 409,000 employees, and the revenue per employee ratio is $228,755.
How does Target make most of its money?
Target-U.S. : This makes revenue by selling a wide assortment of general merchandise and food through its stores located in various cities in the US.
How are Target stores doing financially?
Target Corporation (NYSE: TGT) today announced its third quarter 2022 financial results, which reflected continued sales and traffic growth in an increasingly challenging environment. The Company reported third quarter GAAP earnings per share (EPS) of $1.54 , down 49.3 percent from $3.04 in 2021.