Target Corporation (TGT)
Gross profit margin
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,407,000 | 5,730,000 | 5,709,000 | 5,133,000 | 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 |
| Revenue (ttm) | US$ in thousands | 106,475,000 | 107,377,000 | 107,000,000 | 106,180,000 | 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 |
| Gross profit margin | 5.08% | 5.34% | 5.34% | 4.83% | 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% |
February 1, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,407,000K ÷ $106,475,000K
= 5.08%
Target Corporation's gross profit margin has fluctuated significantly over the past few years. The data indicates that the gross profit margin was negative in certain periods, such as May 2, 2020, and October 29, 2022, suggesting that the company's cost of goods sold exceeded its total revenue during those times.
However, there have been periods of improvement in the gross profit margin, with notable increases in October 31, 2020, January 28, 2023, and April 29, 2023, where the gross profit margin reached double-digit percentages. These improvements indicate that Target was able to effectively manage its costs and increase its profit margin through various strategies.
Overall, Target Corporation's gross profit margin has shown a mixed performance, with both positive and negative trends. It is essential for investors and stakeholders to closely monitor the company's gross profit margin to assess its operational efficiency and profitability in the future.
Peer comparison
Feb 1, 2025