Did you know How Much Does Target Make? Target is one of the biggest stores in the world—let’s explore 91 simple facts and details to see how much money it really makes
Key Target Statistics
- In 2021, Target’s annual revenue was 93.561 billion dollars, showing a 19.78% increase compared to 2020.
- Target has 1,900 stores worldwide.
- Target’s revenue earned of 526 billion dollars in 2021.
- 78% of Target’s revenue comes from in-store purchases, while 18% comes from online shoppers.
- Every day, 2 million customers shop at Target stores worldwide.
- 33% of Target’s revenue comes from customers buying Target’s own branded products.
- 91% of Target employees consider their job a good workplace, while 89% are satisfied with the tools they need to complete their work.
- 20%of Target’s sales come from grocery items,18% from electronics, and 26% from beauty items.
- Currently, 409,000 people are working for Target worldwide.
- Since 2021, Target has opened a total of forty-four distribution centers.
Target’s Revenue Stats
Target Annual Revenue
In 2021, Target’s annual revenue was $93.561 billion, reflecting a 19.78% increase compared to 2020.
In 2020, Target’s annual revenue was $78.112 billion, showing a 3.66% increase compared to 2019.
In 2019, Target’s annual revenue was $75.356 billion, a 3.63% increase from 2018.
This franchise is a favorite among people, including customers who typically don’t shop at large retail stores.
For this reason and many others, the brand consistently shows substantial target’s revenue, especially in 2021. However, even in previous years, Target’s revenue annualy remained high.
In 2019, the company earned $75.356 billion, which was over a 3% increase from the previous year. 2020 was also a good year, though the percentage increase compared to 2019 was relatively small.
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Target Quarterly Revenue
In 2021, Quarterly target’s revenue was $25.65 billion.
Quarterly target’s revenue represents the division of a company’s annual earnings into four parts.
This means that Target’s quarterly sales cover three months of the entire calendar year. On a year-over-year basis, Target’s revenue stands at 13.34%.
This differs from daily target’s revenue but plays a significant role for shareholders in how they trade with publicly listed companies. Target is no exception, and with consistently strong sales, investments made with them are less likely to face losses.
Target Daily Revenue
Target reports daily revenue of $256,331,507.
A company’s daily revenue is calculated by dividing its annual revenue by the number of days in a calendar year. Since 2021 was not a leap year, Target’s revenue $250 million every day.
Gathering daily purchase data allows for further analysis of what is being purchased, whether purchases are made online, and how product trends change.
Naturally, changes in online and in-person sales are expected during significant events, such as the holiday season and summertime.
Target Online E-commerce Revenue
In 2020, Target’s total online sales amounted to $122.477 billion.
E-commerce was essential to consumers in 2020 and continues to hold significance in light of current global events. In contrast, Target’s competitor, Walmart, generated $41.114 billion in online sales revenue.
These figures are based in the United States, where each business has a more significant presence of stores, employees, and customers. Home Depot lagged, with nearly $17 billion in e-commerce sales.
Target’s online statistics indicate that the company remains a strong contender for shoppers who prefer to make purchases both online and in stores.
Number Of Target Customers
Two million customers visit Target every day.
Target knows how to maintain a consistent flow of customers. People enjoy shopping with this brand because its stores are clean and modern and offer retail items at competitive prices.
Millions of people visit their stores daily, mainly for household items, electronics, and groceries. However, this list does not encompass everything Target sells.
The brand makes great efforts to provide its customers with high-quality products at much lower prices compared to other brands. This is why their store-branded products are so popular among their clientele.
Target Gross Profit
Target’s gross profit in 2021 was $30.661 billion.
What is gross profit, and why is it important?
Gross profit is the amount of money a business makes after all other deductible expenses are subtracted. Deductions can vary depending on the company.
Some of these may include property taxes, manufacturing fees for shipping products through supply chains, or even payroll expenses.
Simply put, it’s the money the company earns after subtracting the costs required to retail its products.
Target’s gross profit in the final quarter of 2021 was $7.4 billion. Year-over-year, this is a 4.53% increase. As for the 2020 annual report, the chain made $27.3 billion in 2020.
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Target Stock Price History
Target’s current stock price is $214.04 per share.
A company’s stock price history can help determine the status of shareholders, assess which actions in the company’s recent history were beneficial for the business, and identify better strategies for the company’s future growth.
Target set a record in 2021, closing at $266.39 per share on November 16. It is expected that this figure will be surpassed in 2022, possibly during the final quarter of the year.
Additionally, Target recorded a 52-week high stock price of $268.98. The 52-week low was $166.82, which is 22.1% lower than Target’s current price per share.
Target Market Cap
Target’s market cap is $102.16 billion.
What does market cap mean?
Market cap is a standard measure for investors to evaluate a company’s size accurately. It is calculated by multiplying the company’s latest stock price by its outstanding shares.
The above-mentioned market cap of Target is current and was reported in February 2022. For investors, the market cap can also serve as an important tool to identify companies that can help them build a diversified portfolio with businesses from various sectors.
Market cap data is often of great interest to potential shareholders, as it is considered a good indicator of where a company is likely to stand in the near-term quarterly performance.
Target Operating Income
Target’s operating income in the latter part of 2021 was $8.68 billion.
Running any business requires funds, but operating a business as large as Target demands even more resources. Beyond the money, operating income is the amount left after deducting the funds needed to keep the business functional. These funds may include interest payments and insurance costs.
Compared to last year, Target’s operating income grew by 3.88%, reaching $2.010 billion. Business revenue in 2020 was $4.658 billion, an increase of 40.38% over 2021.
Considering Target has made substantial efforts to boost its e-commerce revenue, this isn’t surprising. There should be a continuation of growth in operating income after 2021.
Target EBITDA
Target’s EBITDA in 2021 was $9.024 billion.
Understanding EBITDA is vital because it helps determine a company’s long-term profitability. It does not include expenses that are not necessary for operating a business.
Therefore, EBITDA is useful for comparing companies based on their business locations, the governments under which they operate, and the interest payments made to financial institutions. Target’s EBITDA in 2020 was $7.262 billion, which was 10.3% higher than in 2019. That year, the company reported an EBITDA of $6.584 billion.
Target Net Income
Target generated $6.782 billion in net income in 2021.
Net income, or net worth, is the profit a business makes after all expenses required to run the business are deducted. In simple terms, it’s calculated by subtracting the money a company spends.
The amount left after all expenses is the result, known as net income. Year-over-year, Target had a net income of $1.488 billion. Compared to 2020, the net income for 2021 was 33.13% higher, as $3.281 billion was reported in 2020.
This is different from total profits, as net income can only be determined after all monetary payments, including funds spent on employees, have been made.
Target EPS
Target’s EPS in 2021 was $13.58 billion.
EPS stands for earnings per share, and Target shows promising statistics in this area. Their year-over-year share earnings were $3.04, which represents an increase of over 50%. As for the annual EPS, 2020 was $8.64, which is 35.85% higher than 2021. The trend of percentage increases goes back to 2018.
In that year, there was an increase of 4.16% compared to 2019, where $5.51 was shown. By subtracting net income, earnings per share accurately reflect the company’s profit. Which is essential for shareholders. Therefore, it is a key metric for Target and its investors.
Target Shares Outstanding
For Target, shares outstanding were reported at $505 million in 2021. This is a decrease from 2020’s $516 million.
When a private company goes public, it becomes available for trade, and anyone willing to invest in it can do so.
For this, shareholders need a constant flow of information that shows how well the company is running its business, how it allocates profits, and whether the industry is in line with the expectations of other investors.
The number of outstanding shares plays an essential role in determining these factors. These are the shares held by the company’s shareholders, and the number of outstanding shares is also crucial for debt conversions and security transactions.
Number Of Target Stores
How many Target locations are there worldwide?
Since the beginning of 2022, Target has 1,926 stores worldwide.
The United States is not the only place where Target is found. It is also a very popular shopping destination in Mexico, where numerous Target stores are located.
Though not as abundant as in the US, they are still considerable in number. Target also has stores and office locations in Canada, India, Bangladesh, and South America.
All signs indicate the possibility of Target expanding its international presence further. However, they are not commonly found in most European countries. Overall, the United States remains the dominant place for Target to operate and earn profits.
How many Target stores are there in the US?
Target has 1,897 stores in the United States.
The United States is where Target’s headquarters is located, in Minneapolis, Minnesota, to be precise.
The company has been operating in the country for decades and is popular among people who enjoy shopping both online and in person. The number of stores reported was counted in 2020.
In 2019, Target built dozens of new stores in the US and Canada. As expected, more stores are on the way. Furthermore, if Target continues to see strong revenue growth in its e-commerce business, there may also be an increase in distribution centers.
Number Of Target Employees
Target employs 409,000 people who are actively working for the company.
In 2021, the total number of Target employees was 409,000, an 11.14% increase from 2020.
In 2020, the total number of Target employees was 368,000, a 2.22% increase from 2019.
In 2019, the total number of Target employees was 360,000, a 4.35% increase from 2018.
In 2018, the total number of Target employees was 345,000, a 6.81% increase from 2017.
It is no secret that the majority of Target employees are satisfied with their jobs. Target received praise due to its friendly staff, clean stores, and knowledgeable managers.
It is the result of working closely with employees and customers, conducting extensive and detailed surveys, and keeping promises fulfilled.
In fact, the overwhelming majority of Target’s workforce rated the company favorably. This is rarely found in other retail stores, especially those as large as Target Corporation.
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Target Assets & Liabilities Statistics
Target Total Assets
Target’s total assets from 2006 to 2021. Total assets are the sum of all assets on a company’s balance sheet.
For the quarter ending October 31, 2021, Target’s total assets were $54.411 billion, a 7.4% year-over-year increase.
In 2021, Target’s total assets were $51.248 billion, a 19.8% increase from 2020.
In 2020, Target’s total assets were $42.779 billion, a 3.61% increase from 2019.
In 2019, Target’s total assets were $41.29 billion, a 2.45% increase from 2018.
Target Cash On Hand
Target had $8.511 billion in cash on hand in 2021.
Cash on hand refers to the funds deposited in banks where Target keeps its money. However, the key condition is that the cash must be accessible and withdrawable whenever needed.
This is sometimes done when businesses acquire other companies through large mergers. For these institutions, investments typically mature after a year. Target reported $5.753 billion in cash on hand year-over-year, reflecting a 4.05% decrease.
Target Long Term Debt
Target’s long-term debt in 2021 was $11.536 billion.
Long-term debt refers to the total amount of debt a business must pay over a set period. As the term suggests, this period can be extended, but it is subject to change each quarter and year.
For example, in 2020, Target reported its long-term debt as $11.338 billion, which was slightly more than a 10% increase compared to 2019.
However, for 2019, the company’s long-term debt was $10.223 billion, which was lower than in 2018. As the company grows, Target’s long-term debt could rise significantly over the next three years.
Target Total Liabilities
Target’s total liabilities in 2021 were reported at $36.808 billion.
For large companies like Target, customers, other businesses, and employees file claims regularly. This happens every day with large corporations.
Claims can be for anything, such as slips and falls, accidents near the company’s property, and other related personal injuries.
Claims are made through attorneys and are sometimes settled through an agreement.
Target handles $40.608 billion in claims annually. However, in 2020, the annual amount of liabilities was $30.808 billion. This means that liabilities in 2021 were nearly 20% higher.
Target Shareholder Equity
Target’s shareholder equity was $14.44 billion in 2021.
Shareholder equity is determined by the total amount of equity items made, both preferred and common. Over several years, Target saw a 3.63% increase in shareholder equity, reaching $13.803 billion.
This was also reported in 2021. However, on an annual basis, Target’s shareholder equity in 2020 was $11.833 billion, nearly 5% higher than the amount in 2019.
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Target Margins Statistics
Target Profit Margins
Target’s profit margin in 2021 was 6.56%.
When a company wants to know its profit margin, it must first determine the amount of income spent on running the business.
This includes things like supply chains, money spent on delivering goods to distribution centers, employee expenses, and store maintenance.
Since Target has a good reputation for cleanliness, they typically spend large amounts of money on upkeep and the machines required to keep their facilities in a new-like condition.
These are all part of what is deducted from expenses. The result is the profit margin, an essential statistic for investors to determine where funds could be allocated to improve the company.
Target Gross Margins
The latest gross profit margin reported by Target is 29.67%.
Gross margin is the percentage that the company has before subtracting overhead and accounting fees. This is important for determining whether the margins are good or if improvements need to be made over time.
Target Operating Margins
Currently, Target has an operating margin of 6.29%.
This is the amount and percentage a business earns after deducting interest payments and taxes from its revenue. Profit margin is calculated every year, usually in the fourth quarter.
Investors and shareholders often mention it because it helps in assessing how a business can grow in the near future.
Without it, it would be difficult for investors and Target to understand how money is being allocated in different locations and whether it is helping to improve sales.
Target EBITDA Margins
Target’s EBITDA margin is 10.91%.
This represents earnings before interest, taxes, depreciation, and amortization. Target’s reports on this have been made over the entire decade. In 2019, there wasn’t a significant percentage increase from where the margin currently stands.
Target Pre-Tax Profit Margins
Target’s pre-tax profit margin for the last part of 2021 was reported at 8.34%.
As the name suggests, the pre-tax profit margin is the percentage amount of money a company earns after all taxes have been paid.
Since Target is a large company, this amount can change every year. Target operates in different jurisdictions with multiple tax codes, requiring them to pay different percentages in taxes. Once these taxes are paid and the amount is calculated, the pre-tax profit margin can be determined.
Target Net Margins
Target’s net margin in 2021 was 6.56%, which was reported at the end of 2021.
Net profit margin is the total net income that comes from a portion of a business’s sales. It is useful to see where new innovations can be introduced in a company, where new facilities could be opened, and even what new products can be sold by the company.
Target Price Ratios
Target PE Ratio
Target’s current price-to-earnings ratio is 16.36.
The price-to-earnings ratio is the amount obtained by dividing the company’s closing share price by the EPS (earnings per share).
Target and investors should must know this valuable and essential information. It helps them understand how stocks are performing and whether their price is higher or lower than it should be.
Target P/S Ratio
Target’s price-to-sales ratio is 1.03.
The price-to-sales ratio is important because it helps Target’s officials analyze and gather information on whether investors are willing to pay for a specific share price. It also helps the company gain insights on how to keep their shares more valuable for investors considering buying them.
Target Price/Book Ratio
As shown in February 2022, Target’s price-to-book ratio is 7.40.
The price-to-book ratio helps Target’s investors measure the company’s share prices and whether they are reasonably priced.
Additionally, it shows how well the stock’s cost is trading and how it aligns with the company’s book value. Lower values usually suggest that shareholders’ prices might be too low.
Therefore, the price-to-book ratio is frequently searched for and relied upon, especially by long-term investors.
Target Price-FCF Ratio
Target’s price-to-free cash flow (FCF) ratio is 17.68.
The company’s free cash flow is essential because it is a key indicator of its ability to generate additional revenue, which is a significant factor in stock prices.
Without knowing how much revenue can be added each year, companies would never grow. Indeed, this is true for Target, and their good price-FCF ratio is a testament to how successfully the company has managed its business operations over decades.
Target Net Worth
Target’s net worth was shown as $102.16 billion in early 2022.
When a company can accurately gauge its net worth, it shows them where money is being poorly spent.
For large companies like Target, this is typically not an issue since the business has the tools and resources to increase its net worth while simultaneously adding gains to it year after year.
Target Other Ratios
Target Current Ratio
Target’s current ratio is 0.97.
With the current ratio, a company can accurately measure its liquidity and how well it handles payments over a short period. These statistics are promising for Target, undoubtedly contributing to its more significant expansion into the online world.
Target Quick Ratio
Target’s quick ratio in the final quarter of 2021 was 0.33.
Companies need a fast way to handle issues as they arise. Although businesses spend a lot of money making accurate forecasts about their future, there is always the chance of uncertainty.
One of these uncertainties is liabilities payments to individuals, organizations, or even banks. A good quick ratio indicates how well-prepared an organization is to handle unpredictable surprises that require immediate attention through payments.
Target Debt/Equity Ratio
Target’s debt-to-equity ratio for the last quarter of 2021 was 0.84.
The debt/equity ratio is a measure of a business’s strength in its industry. It is determined by finding the long-term debt and dividing it by the equity of its shareholders.
In finance, the quick ratio, also known as the acid-test ratio, is a type of liquidity ratio that measures a company’s ability to use its near cash or quick assets to settle or pay off its current liabilities immediately.
It is defined as the ratio between quickly available or liquid assets and current liabilities.
Quick assets are current assets that can likely be quickly converted into cash and are close to their book values.
In finance, the quick ratio, also known as the acid-test ratio, is a type of liquidity ratio that measures a company’s ability to use its near cash or quick assets to settle or pay off its current liabilities immediately.
It is defined as the ratio between quickly available or liquid assets and current liabilities. Quick assets are current assets that can likely be converted into cash and are close to their book values.
Target ROE
At the end of 2021, Target had a return on equity of 46.72%.
Target ROA
Target reported a return of 13.07% on its assets.
Target ROI
Target calculated the return on investment to be 26.01% at the end of 2021.
Target Return On Tangible Equity
Target achieved a 46.72% return in the latter part of 2021.
Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders’ equity after subtracting intangible assets, goodwill, and preferred equity.
Frequently Asked Questions(FAQS)
What is the top-selling product at Target?
Target stores’ top-selling items are beauty products and home goods, which account for $24.46 billion of total sales.
Target offers its customers a wide range of electronics, home goods, pet supplies, and apparel. Their customer base drives the business, and Target places a strong emphasis on meeting customer needs.
Beauty items are the most common bestsellers in Target stores. They are known for offering a variety of beauty products for both men and women, often at lower prices compared to other competing stores.
Target’s beauty items are easily accessible and available in almost all store locations. Depending on the area, these beauty items may be adjusted to meet the specific needs of the target demographic in that region.
How much does Target make in a day?
Each Target store earns approximately $134,911 daily.
The daily expenses for each Target store vary. Some stores sell more items from specific brands, while others have a larger selection of electronics. This differs by store but can significantly affect the daily sales amount.
Although the average is $134,911, this is just an estimate of the target’s revenue. Daily-earnings fluctuate based on weekends, weekdays, holidays, and other significant events in the store’s local area.
To determine Target’s daily earnings, the annual sales amount should be divided by the number of days in the year. Since 2021 was not a leap year, target’s revenue for the 12 months reflects the daily average when segmented.
What is Target most famous for?
Target is known for selling household items, clothing, clothing accessories, and beauty products.
However, these are not the only things the brand is famous for. One key aspect that people have become familiar with is the store’s aesthetic.
The large red decorations and symbols make the brand easily recognizable, even with just a glimpse. Target is also a popular spot for food.
In the United States, restaurants are typically located at the front of the store. Most of the items offered are fast food, helping customers quickly eat before or after shopping.
Target is also well known for selling toys for kids. They have been a long-term seller of baseball cards, comic books, and children’s electronic items.
Target is most recognized for selling household essentials, home decor, groceries (including beverages, dry perishables, fresh and frozen foods), electronics, appliances, clothing, and baby products (such as toys) sold under a Target-owned brand.
Where is Target most popular?
Target is the most popular in the United States and has over 1800 stores in America.
How does Target make so much money?
Target’s revenue in U.S. generates by selling general merchandise and food through its stores located in various cities.
How much does Target lose annually due to theft?
The retail giant says it loses about $3 billion every year from theft, which is 1% of its $300 billion in revenue, according to a Reuters report.
Leading the effort to combat this “shrinkage” is Greg Foran, head of US operations, who told reporters on Thursday that reducing these losses would be a key priority for the company in the coming months.
Which state has the most Targets?
As of January 30, 2021, California was the state with the highest number of Target stores in the United States, with a total of 307.
Is Target bigger than Amazon?
Amazon’s global revenue was $469.82 billion at the end of 2021. Target’s revenue was $103.348 billion.
However, Target is now growing faster than Amazon in the US retail market. Its drive-up services to stores have created a significant differentiator.
Who owns Target?
Target Corporation, not Walmart, owns Target, although Walmart has purchased several Target stores to renovate them and use them as Walmart chain stores.
Conclusion
Target considered as a powerful force in America’s retail industry. It Offres household items, clothing, beauty products, electronics, groceries, and more. With over eighteen hundred stores across the US, it has become a convenient shopping destination for millions.Target’s revenue is also good in the market.
Despite challenges like theft, the company has adapted by focusing on strategies like drive-up services and meeting customer needs.Target is also a big company with bright future ahead. It improves financial performance and improving operations. It competes Walmart and Amazon. It also ensures success in a constantly evolving market.