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Target | 10-Q: Q2 2025 Earnings Report

Target | 10-Q: Q2 2025 Earnings Report

塔吉特 | 10-Q:2025财年二季报
美股SEC公告 ·  2024/08/30 23:57

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Target Corporation reported robust Q2 2024 financial results, with total revenue increasing 2.7% to $25.5 billion and net earnings surging 42.7% to $1.2 billion. Comparable sales grew 2.0%, driven by a 3.0% increase in traffic, while digitally originated sales rose 8.7%. The gross margin rate improved significantly to 28.9% from 27.0% in the prior year.Operating income jumped 36.6% to $1.6 billion, benefiting from improved merchandising activities and favorable category mix, partially offset by higher digital fulfillment costs. The company maintained strong liquidity with $3.5 billion in cash and cash equivalents, while operating cash flow remained healthy at $3.3 billion for the first half of 2024.Looking ahead, Target continues its disciplined capital allocation approach, paying quarterly dividends of $1.12 per share, up 1.8% year-over-year. The company repurchased $155 million in shares during the first half and maintains strong credit ratings of A2/A/A from major rating agencies, reflecting its solid financial position and operational performance.
Target Corporation reported robust Q2 2024 financial results, with total revenue increasing 2.7% to $25.5 billion and net earnings surging 42.7% to $1.2 billion. Comparable sales grew 2.0%, driven by a 3.0% increase in traffic, while digitally originated sales rose 8.7%. The gross margin rate improved significantly to 28.9% from 27.0% in the prior year.Operating income jumped 36.6% to $1.6 billion, benefiting from improved merchandising activities and favorable category mix, partially offset by higher digital fulfillment costs. The company maintained strong liquidity with $3.5 billion in cash and cash equivalents, while operating cash flow remained healthy at $3.3 billion for the first half of 2024.Looking ahead, Target continues its disciplined capital allocation approach, paying quarterly dividends of $1.12 per share, up 1.8% year-over-year. The company repurchased $155 million in shares during the first half and maintains strong credit ratings of A2/A/A from major rating agencies, reflecting its solid financial position and operational performance.
塔吉特公司报告了2024年第二季度强劲的财务业绩,总营业收入增长2.7%至255亿,净收益激增42.7%至12亿。可比销售额增长2.0%,客户流量增加3.0%推动了这一增长,同时数字起源销售额上升8.7%。毛利率显著改善,从去年同期的27.0%上升至28.9%。营业收入跃升36.6%至16亿,受益于改善的商品活动和有利的类别组合,部分被较高的数字履行成本所抵消。该公司保持强劲的流动性,现金及现金等价物为35亿,而2024年上半年的经营现金流保持健康,达33亿。展望未来,塔吉特继续坚持其严格的资本配置策略,每季度支付每股1.12美元的分红派息,较去年增长1.8%。该公司在上半年回购了15500万的股份,并保持主要评级机构的A2/A/A信用评级,反映出其稳健的财务状况和运营业绩。
塔吉特公司报告了2024年第二季度强劲的财务业绩,总营业收入增长2.7%至255亿,净收益激增42.7%至12亿。可比销售额增长2.0%,客户流量增加3.0%推动了这一增长,同时数字起源销售额上升8.7%。毛利率显著改善,从去年同期的27.0%上升至28.9%。营业收入跃升36.6%至16亿,受益于改善的商品活动和有利的类别组合,部分被较高的数字履行成本所抵消。该公司保持强劲的流动性,现金及现金等价物为35亿,而2024年上半年的经营现金流保持健康,达33亿。展望未来,塔吉特继续坚持其严格的资本配置策略,每季度支付每股1.12美元的分红派息,较去年增长1.8%。该公司在上半年回购了15500万的股份,并保持主要评级机构的A2/A/A信用评级,反映出其稳健的财务状况和运营业绩。
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