Target Corporation (TGT)

Gross profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Gross profit	US$ in thousands	5,123,000	3,323,000	8,791,000	5,003,000	4,161,000
Revenue	US$ in thousands	106,930,000	108,661,000	105,937,000	92,087,000	77,638,000
Gross profit margin		4.79%	3.06%	8.30%	5.43%	5.36%

February 3, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,123,000K ÷ $106,930,000K
= 4.79%

Target Corporation's gross profit margin has varied in recent years, with a noticeable increase from 2020 to 2022, followed by a decline in 2023 and another increase in 2024. The gross profit margin was 5.36% in 2020, increased to 8.30% in 2022, then decreased to 3.06% in 2023 before rising to 4.79% in 2024. These fluctuations may indicate changes in the company's pricing strategies, cost management, or product mix. It is important for stakeholders to monitor future trends to assess the company's ability to generate profits from its core operations.