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Home > Fortune 500 Companies > Target Corp
Target Corp
Target Corp is a publicly traded company having a good stock performance result. Target Corp is a fortune 500 stock listed company trading under TGT.
The company is an upscale discounter that provides high-quality, on-trend merchandise at attractive prices in clean, spacious and guest-friendly stores. The company produced another year of outstanding results in 2005. By remaining focused on consistent execution of their strategy, they delighted the guests, improved their brand, and achieved record financial performance.
Target Corporation today reported earnings from continuing operations of 939 dollars million, or 1.06 dollars per share, for the fourth quarter ended January 28, 2006, compared with 809 million dollars, or 0.90 dollars per share, in the fourth quarter ended January 29, 2005. For the full year, earnings from continuing operations were 2.408 billion dollars, or 2.71 dollars per share, in 2005, compared with 1.885 billion dollars, or 2.07 dollars per share, in 2004. Including earnings from discontinued operations and the gain on disposal of discontinued operations, earnings per share for the fourth quarter and full year 2004 were 91 cents and 3.51 dollars, respectively. All earnings per share figures refer to diluted earnings per share.
The company produced outstanding results in 2005, surpassing 50 billion dollars in sales and generating strong growth in earnings, they are proud of their recent performance, remain committed to the strategic direction and believe that Target is well-positioned to continue delighting their guests and delivering superior value to the shareholders in 2006 and for years beyond.
The company’s total revenue increased is 12.3 percent to 52.620 billion dollars from 46.839 billion dollars in 2004, driven by a 5.6 percent increase in comparable store sales combined with the contribution from new store development and their credit card operations.
Fourth quarter earnings before interest and income taxes were 1.606 billion dollars, an increase of 197 million dollars, or 14.0 percent, from the fourth quarter of 2004. The contribution from the company's credit card operations to EBIT was 192 million dollars, an increase of 58 million dollars, or 43.1 percent. Fourth quarter revenues were 16.947 billion dollars, up 11.5 percent from 15.194 billion dollars in the same period a year ago. Comparable store sales for the quarter rose 4.2 percent.
Target store in any city in the country, and you know exactly what to expect high-quality, stylishly designed items plus all the essentials for your life, displayed in a clean, organized and welcoming environment.
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