1、1000 Nicollet MallMinneapolis,MN 55403612.304.6073 View the digital version of ourAnnual Report at T ReportTargetCorporationNeenah environment PC 100 White papers are manufactured with 100%renewable green energy.Our 100%postconsumer recycled papers are manufactured from sustainable raw materials and
2、 are processed using chlorinefree practices.2024 Performance:-2.5%Five-year CAGR:3.6%2024 Performance:-1.1%Five-year CAGR:4.6%2024 Performance:-0.9%Five-year CAGR:6.9%To explore key stories of the past year and find out whats ahead,visit .You can view our Annual Report online at 2024 Merchandise Sal
3、es(a):$104,820 MillionFinancial Highlights(Note:Reflects amounts attributable to continuing operations.2023 was a 53-week year.)Net Sales(a)In MillionsOperating IncomeIn MillionsNet EarningsIn MillionsDiluted EPSWelcome to our 2024 Annual Report2024 Performance:-0.8%Five-year CAGR:6.4%192021222324$7
4、8,112$93,561$106,005$109,120$107,412$106,566$4,658$6,539$8,946$3,848$5,707$5,566192021222324$6.34$8.64$14.10$5.98$8.94$8.86192021222324$3,269$4,368$6,946$2,780$4,138$4,091192021222324HardlinesApparel&AccessoriesBeautyHouseholdEssentialsFood&BeverageHome Furnishings&Dcor(a)In 2024,we chan
5、ged the presentation of revenue in our Consolidated Statements of Operations,consolidating the previous three-line format(Sales,Other Revenue,and Total Revenue)to a single linelabeled“Net Sales”,which reflects all revenues(formerly Total Revenue).Note 2 to the Financial Statements in Form 10-K,Item
6、8,provides additional information.12%18%23%16%15%16%To my fellow shareholders,Target is a company designed to deliver long-term profitable growth.For decades,we have invested in the scale,strategy and capabilities that allow our team to navigate a fast-evolving retail landscape and meet the needs of