Target Corporate Newsroom: Target Corporation Reports Fourth Quarter And Full-Year 2021 Earnings

Press release from the Target Corporate Newsroom:

March 1, 2022

Q4 2021 Highlights     

Q4 2021 Highlights      Comparable sales grew 8.9 percent, on top of 20.5 percent in Q4 2020. Comparable traffic grew 8.1 percent on top of 6.5 percent in Q4 2020. More than 95 percent of Target’s fourth quarter sales were fulfilled by its stores. EPS established an all-time high with GAAP EPS of $3.21 and Adjusted EPS Full-Year 2021 Highlights Target delivered $106 billion in total revenue, having grown nearly $28 billion, or more than 35 percent over the past two years. Comparable sales grew 12.7 percent, on top of 19.3 percent in 2020. Comparable traffic grew 12.3 percent, on top of 3.7 percent in 2020. Total sales have grown more than $27 billion since 2019, reflecting more than $14 billion of additional store sales and digital sales growth of nearly $13 billion. All five core merchandise categories delivered double-digit comparable sales growth in 2021, on top of unprecedented growth in 2020. Operating income margin rate of 8.4 percent expanded nearly 150 basis points from 2020. GAAP EPS from continuing operations of $14.10 was 63.1 percent higher than last year, while Adjusted EPS of $13.56 grew 44.0 percent compared with 2020.  Both GAAP and Adjusted EPS have more than doubled since 2019. For additional media materials, please visit: 

This press release was produced by the Target Corporate Newsroom. The views expressed here are the author’s own.