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Target Annual Report

TargetAnnualReportBeauty & HouseholdEssentialsFood & BeverageHome Furnishings& D corApparel &AccessoriesHardlines 14 15 16 17 18 192019 Growth: CAGR: 14 15 16 17 18 192019 Growth: CAGR: 14 15 16 17 18 192019 Growth: CAGR: 14 15 16 17 18 192019 Growth: CAGR: 27%19%19%19%16%$72 ,618$74,494$70,271$ 72 ,714$75,356$ 7 8 ,112$4,535$4,878$4,864$4,224$ 4 ,11 0$ 4,658$2,449$3,321$2,666$2,908$2,930$3,26 9$ $ $ $ $ $ explore key stories of the past year and find out what s ahead, visit You can view our Annual Report online at 2019 Sales: $77,130 MillionFinancial Highlights(Note: Reflects amounts attributable to continuing operations. 2017 was a 53-week year.)To t a l R e v e n u eIn MillionsOperating IncomeIn MillionsNet EarningsIn MillionsDiluted EPS Welcome to our 2019 Annual ReportBy any measure, 2019 was an exceptional year for the Target team.

2017 2016 2015 2019(a) ... ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ... Portions of Target's Proxy Statement for the Annual Meeting of Shareholders to be held on June 10, 2020, are incorporated into Part III. TABLEOFCONTENTS

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