Target Corporation announced on Tuesday that its revenue in the fourth quarter of 2021 rose to $30.9 billion, a 9.4% increase in comparison to the same period last year. The company's annual revenue amounted to $104.6 billion, growing 13.2% from last year.
In the year's final quarter, Target's diluted earnings per share (EPS) surged 17.8% year on year to $3.21. Operating income came to $2.09 billion, increasing 14.1% compared to the same trimester a year earlier. Comparable sales went up by 8.9%.
For the entire 2021, diluted earnings per share (EPS) soared 63.1% to $14.10, while operating income stood at $8.94 billion, rising 36.8%. Comparable sales amounted to 12.7%.
Target's shares skyrocketed 11% in the premarket after the report was published.
