Target Corporation (TGT)
Gross profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,124,000 | 4,388,000 | 4,134,000 | 23,435,000 | 41,926,000 | -9,308,000 | 9,908,000 | 9,188,000 | 8,792,000 | 15,041,000 | 11,743,000 | 9,965,000 | 5,515,000 | 12,735,000 | -3,186,000 | -19,808,000 | -33,625,000 | 4,109,000 | 3,924,000 | 3,738,000 |
| Revenue (ttm) | US$ in thousands | 106,930,000 | 106,383,000 | 107,485,000 | 108,778,000 | 108,661,000 | 108,286,000 | 107,440,000 | 106,571,000 | 105,937,000 | 103,275,000 | 99,728,000 | 97,525,000 | 92,599,000 | 87,635,000 | 84,187,000 | 79,636,000 | 77,639,000 | 77,222,000 | 76,376,000 | 75,735,000 |
| Gross profit margin | 4.79% | 4.12% | 3.85% | 21.54% | 38.58% | -8.60% | 9.22% | 8.62% | 8.30% | 14.56% | 11.78% | 10.22% | 5.96% | 14.53% | -3.78% | -24.87% | -43.31% | 5.32% | 5.14% | 4.94% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,124,000K ÷ $106,930,000K
= 4.79%
The gross profit margin of Target Corporation has fluctuated over the past few quarters, with significant variations observed. In the most recent quarter, ending on February 3, 2024, the gross profit margin stood at 4.79%, showing a slight increase from the previous quarter's figure of 4.12%. However, it is notably lower compared to the levels seen in the earlier quarters of the year.
The gross profit margin for April 29, 2023, was exceptionally high at 21.54%, indicating a strong performance in that period. This was followed by a substantial decline in the next quarter, with the gross profit margin dropping to 3.85% on July 29, 2023.
In contrast, the gross profit margin had a sharp negative turn on October 29, 2022, registering at -8.60%, reflecting a significant decrease in profitability during that period. This was followed by a positive recovery in the subsequent quarters, showing improvements in the margins.
Overall, the gross profit margin trend for Target Corporation has displayed volatility, with fluctuations reflecting changes in the company's revenue and cost structures. Further analysis would be needed to ascertain the specific factors influencing these variations in gross profit margins.
Peer comparison
Feb 3, 2024