10-QPeriod: Q1 FY2007

TARGET CORP Quarterly Report for Q1 Ended Apr 29, 2006

Filed June 2, 2006For Securities:TGT

Summary

This 10-Q filing for Target Corporation (TGT) for the period ending April 28, 2006, provides a snapshot of the company's financial performance and position during the first quarter of fiscal year 2006. Investors should note the company's continued focus on sales growth and profitability, as detailed in the Consolidated Statements of Operations and Management's Discussion and Analysis. The report covers key financial statements including the Balance Sheet, Income Statement, and Cash Flow Statement, offering insights into the company's operational efficiency and financial health.

Key Highlights

  • 1Consolidated Statements of Operations show performance for the thirteen weeks ended April 29, 2006, compared to the same period in 2005.
  • 2Consolidated Statements of Financial Position provide a balance sheet view as of April 29, 2006, January 28, 2006, and April 30, 2005.
  • 3Consolidated Statements of Cash Flows detail the company's cash generation and usage activities during the thirteen weeks ended April 29, 2006.
  • 4Management's Discussion and Analysis (MD&A) offers management's perspective on the company's financial condition and results of operations.
  • 5The filing includes Notes to Consolidated Financial Statements, which provide important details and context to the reported financial figures.
  • 6Disclosure on Market Risk and Controls and Procedures are also part of this quarterly report, addressing potential business risks and internal governance.

Frequently Asked Questions

This 10-Q filing provides Target Corporation's quarterly financial results for the period ending April 28, 2006, including detailed financial statements and management's analysis of its financial condition and operational performance.

Information on sales performance can be found in the 'Consolidated Statements of Operations' which details revenue and costs for the thirteen weeks ended April 29, 2006, and is further elaborated in 'Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations'.

This statement, also known as the balance sheet, provides a snapshot of Target's assets, liabilities, and shareholders' equity at specific points in time: April 29, 2006, January 28, 2006, and April 30, 2005. It helps investors assess the company's financial health and stability.

While the filing details financial performance, specific sections like 'Item 1 – Legal Proceedings' and 'Item 1A – Risk Factors' would contain information regarding any significant legal issues or business risks faced by Target Corporation during this period.