Target's gross profit for the
three
months ended in Jan. 2024 was $8,516 Mil. Target's gross profit for the trailing twelve months (TTM) ended in Jan. 2024 was $29,676 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Target's gross profit for the
three
months ended in Jan. 2024 was $8,516 Mil. Target's Revenue for the
three
months ended in Jan. 2024 was $31,919 Mil. Therefore, Target's Gross Margin % for the quarter that ended in Jan. 2024 was 26.68%.
Target had a gross margin of 26.68% for the quarter that ended in Jan. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Target was 30.06%. The lowest was 24.64%. And the median was 29.28%.
Warning Sign:
Target Corp gross margin has been in long-term decline. The average rate of decline per year is -2.4%.
Target Gross Profit Historical Data
The historical data trend for Target's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Discount Stores subindustry, Target's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Target's Gross Profit Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Target's Gross Profit distribution charts can be found below:
* The bar in red indicates where Target's Gross Profit falls into.
Target Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Target's Gross Profit for the fiscal year that ended in Jan. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $29,676 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Target's Gross Margin % for the quarter that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Target (XSGO:TGT) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Target had a gross margin of 26.68% for the quarter that ended in Jan. 2024 => Competition eroding margins
Target Gross Profit Related Terms
Thank you for viewing the detailed overview of Target's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
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