10-QPeriod: Q1 FY2010

TARGET CORP Quarterly Report for Q1 Ended May 2, 2009

Filed June 5, 2009For Securities:TGT

Summary

Target Corporation's 10-Q filing for the period ending May 2, 2009, reveals a company navigating the economic conditions of the time. While specific financial figures for the quarter are not detailed in the provided excerpt, the filing indicates Target's status as a large accelerated filer, suggesting a significant market capitalization and established reporting history. Investors should note the company's focus on its core operations and financial health amidst a challenging retail environment. The report details the standard components of a quarterly filing, including Consolidated Statements of Operations, Financial Position, Cash Flows, and Shareholders' Investment, along with accompanying notes and Management's Discussion and Analysis. These sections will provide the crucial data for a deeper understanding of Target's performance, liquidity, and any potential risks or opportunities. Investors are advised to review the full report, particularly the MD&A section, for comprehensive insights into the company's financial condition and operational results.

Financial Highlights

44 data points
Beta

Revenue

$14.83B

33.0% Gross Margin

Net Income

$522.00M

3.5% Net Margin

EPS (Diluted)

$0.69

Total Assets

$44.21B

Free Cash Flow

$459.00M

Financial Statements
Beta
Revenue$14.83B
Cost of Revenue$9.94B
Gross Profit$4.90B
SG&A Expenses$3.02B
Interest Expense$202.00M
Net Income$522.00M
EPS (Basic)$0.69
EPS (Diluted)$0.69
Shares Outstanding (Basic)752.20M
Shares Outstanding (Diluted)753.00M

Key Highlights

  • 1Target Corporation filed its quarterly report (10-Q) for the period ending May 2, 2009.
  • 2The company is classified as a large accelerated filer, indicating its substantial size and reporting history.
  • 3The filing includes standard financial statements: Statements of Operations, Financial Position, Cash Flows, and Shareholders' Investment.
  • 4Management's Discussion and Analysis (MD&A) is a key section for understanding financial condition and results of operations.
  • 5Notes to Consolidated Financial Statements provide essential details and context for the reported figures.
  • 6The report covers market risk disclosures and an overview of controls and procedures.
  • 7Information on legal proceedings, risk factors, and other corporate matters are also included.

Frequently Asked Questions

The provided excerpt does not contain specific financial results (e.g., revenue, net income). To assess Target's overall financial health, investors must review the full Consolidated Statements of Operations, Financial Position, and Cash Flows, as well as the Management's Discussion and Analysis (MD&A) section within the complete 10-Q filing.

Being a large accelerated filer signifies that Target Corporation is a well-established, large-cap company with a significant market value and a history of public reporting. This classification often implies a certain level of financial stability and adherence to stringent SEC disclosure requirements, providing investors with a degree of confidence in the transparency of the company's reporting.

The most crucial sections for understanding Target's performance and strategic decisions in this filing are the 'Consolidated Statements of Operations' (for income and expenses) and 'Management’s Discussion and Analysis of Financial Condition and Results of Operations' (MD&A). The MD&A section specifically discusses the factors affecting financial condition and results of operations, offering management's perspective.

The excerpt indicates that the filing includes sections on 'Legal Proceedings' and 'Risk Factors'. Investors should carefully review these sections in the full 10-Q report to understand any potential legal challenges or business risks that could impact Target Corporation's future performance.