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塔吉特公司Target Corp.(TGT)2025财年第二季度财报(10-Q)(英文版)(52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 August 2,2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT O

2、F 1934For 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)41-0

3、215170(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 Y

4、ork 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 su

5、bject 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 shorte

6、r period 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,accel

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1. **财务表现**:2025年Q2净销售额252.11亿美元,同比降0.9%;Q1-Q2净销售额490.57亿美元,同比降1.9%。GAAP稀释每股收益2.05美元(Q2),同比降20.2%。 2. **运营数据**:Q2可比销售额降1.9%,其中门店-originated降3.2%,数字化-originated增4.3%。Q2毛利率29.0%,同比降1个百分点。 3. **关键事件**:Q1达成信用卡 interchange fee 诉讼和解,SG&A费用中确认5.93亿美元净收益(税前)。 4. **资本配置**:Q1-Q2经营现金流23.58亿美元,资本支出18.53亿美元;回购股票251万美元;支付股息10.19亿美元。 5. **风险提示**:美国关税政策(约50%商品海外采购,中国为主要来源)可能影响未来销售及运营。
**Target业绩如何?** **关税影响销售吗?** **股息增长多少?**
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