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塔吉特公司Target Corp.(TGT)2025财年第一季度财报(10-Q)(英文版)(32页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-Q(Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended May 3,2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1

2、934For the transition period from _ to _Commission File Number 1-6049 TARGET CORPORATION(Exact name of registrant as specified in its charter)Minnesota(State or other jurisdiction of incorporation or organization)1000 Nicollet Mall,Minneapolis,Minnesota(Address of principal executive offices)41-0215

3、170(I.R.S.Employer Identification No.)55403(Zip Code)612-304-6073(Registrants telephone number,including area code)Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon stock,par value$0.0833 per shareTGTNew York

4、 Stock Exchange Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12 months(or for such shorter period that the registrant was required to file such reports),and(2)has been subje

5、ct to such filing requirements for thepast 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T(232.405 of this chapter)during the preceding 12 months(or for such shorter p

6、eriod that the registrant was required to submit such files).Yes No Indicate by check mark whether the registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer,a smaller reporting company,or an emerginggrowth company.See the definitions of large accelerated filer,accelera

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1. **财务表现**:2025年Q1营收238.46亿美元(同比-2.8%),净利润10.36亿美元(同比+10.0%),GAAP稀释EPS 2.27美元(同比+11.7%)。 2. **销售数据**:可比销售额下降3.8%(线下-5.7%,线上+4.7%),客流量减少2.4%,客单价下降1.4%。 3. **关键事件**:信用卡 interchange fee 诉讼和解带来5.93亿美元税前收益(计入SG&A),推动运营利润增长13.6%至14.72亿美元。 4. **现金流**:经营现金流2.75亿美元(同比-75%),现金及 equivalents 28.87亿美元(同比-20%),资本支出7.9亿美元。 5. **资本配置**:回购股票251万股(均价114.60美元),支付股息5.10亿美元(每股1.12美元),债务发行10亿美元(5%利率)并偿还15亿美元。
**业绩下滑原因?** **关税影响有多大?** **现金储备充足吗?**
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