1、2023 Annual Report 18 19 20 21 22 232023 Performance:-1.6%Five-year CAGR:7.3%18 19 20 21 22 232023 Performance:48.3%Five-year CAGR:6.8%18 19 20 21 22 232023 Performance:48.8%Five-year CAGR:7.1%18 19 20 21 22 232023 Performance:49.4%Five-year CAGR:10.2%$75,356$78,112$93,561$106,005$109,120$107,412$4,
2、110$4,658$6,539$8,946$3,848$5,707$2,930$3,269$4,368$6,946$2,780$4,138$5.50$6.34$8.64$14.10$5.98$8.94To explore key stories of the past year and find out whats ahead,visit .You can view our Annual Report online at 2023 Sales:$105,803 MillionFinancial Performance(Note:Reflects amounts attributable to
3、continuing operations.2023 was a 53-week year.)Total RevenueIn MillionsOperating IncomeIn MillionsNet EarningsIn MillionsDiluted EPS Welcome to our 2023 Annual ReportHardlinesApparel&Accessories15%15%Beauty&HouseholdEssentialsFood&BeverageHome Furnishings&Dcor30%23%17%Dear shareholders,In an industr
4、y that continually encounters short-term fluctuations,the Target team has always set its sights on growth that spans decades and generations.No matter the operating environment,the ambition remains steady:build long-term value for our stakeholders by continually delighting our guests and delivering
5、strong financial performance.That orientation toward profitable,long-term growth has guided ongoing investments in the team,capabilities,assets and a durable business model that differentiate Target.It has also enabled us to anticipate,adapt to and meet consumers needs across a wide array of environ
6、ments.Profit performance unlocks potential Recent years have been anything but normalfor our business,our guests and the world around us.Thoughtful investments in our business prior to the Covid-19 pandemic enabled us to absorb exponential growth during that period.And our long-term commitment to ma