Target's Fiscal Year Revenue Falls to $104.8B, Diluted EPS at $8.13 in 10-K
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Target has filed its annual 10-K report, disclosing fiscal year net sales of $104.8 billion and GAAP diluted earnings per share of $8.13. The report indicates a 1.7% year-over-year decline in revenue and a decrease in net earnings to $3.71 billion from $4.09 billion in the prior year, alongside contractions in gross margin and operating income. While Q4 results were previously announced, this 10-K provides the comprehensive, audited annual financial statements, confirming a challenging fiscal year for the retailer. Traders will scrutinize the full report for detailed performance metrics and any further insights into the company's operational health and future outlook.
At the time of this announcement, TGT was trading at $118.64 on NYSE in the Trade & Services sector, with a market capitalization of approximately $53.8B. The 52-week trading range was $83.44 to $126.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.