Professional Documents
Culture Documents
01/31/2009
USD
Not Qualified
Yes
Millions
864
9,094
1,010
8,084
6,705
236
693
433
473
1,835
17,488
5,767
20,430
4,270
2,586
1,763
9,060
25,756
305
231
163
1
162
862
44,106
6,337
727
430
381
167
120
176
130
182
84
-
02/02/2008
USD
Not Qualified
Yes
Millions
2,450
8,624
570
8,054
6,780
244
556
353
469
1,622
18,906
5,522
18,329
3,858
2,421
1,852
7,887
24,095
578
208
215
394
164
1,559
44,560
6,721
727
400
372
152
115
164
153
228
176
111
02/03/2007
USD
Not Qualified
Yes
Millions
813
6,711
517
6,194
6,254
285
427
278
455
1,445
14,706
4,934
16,110
3,553
2,188
1,596
6,950
21,431
559
212
325
116
1,212
37,349
6,575
674
450
338
154
-
02/02/2008
USD
Not Qualified
Yes
Millions
61,471
1,896
63,367
41,895
13,704
837
1,659
5,272
736
11
78
02/03/2007
USD
Not Qualified
Yes
Millions
57,878
1,612
59,490
39,399
12,819
707
1,496
5,069
635
11
49
Interest income
Net interest income (expense)
(866)
Earnings before income taxes
3,536
Current federal income taxes
1,034
Current state income taxes
Current state/other income taxes
197
Total current income taxes
1,231
Deferred federal income taxes (benefit)
88
Deferred state income taxes (benefit)
Deferred state/other income taxes (benefit)
3
Total deferred income taxes (benefit)
91
Provision for income taxes
1,322
Earnings from continuing operations
Earnings from discontinued operations
Gain on disposal of discontinued operations, net
Net earnings (loss)
2,214
Weighted average shares outstanding - basic
770.4
Weighted average shares outstanding - diluted
773.6
Year end shares outstanding
752.712
Earnings (loss) per share-continuing operations - basic
Earnings (loss) per share-discontinued operations - basic
Earnings (loss) per share-gain from discontinued operations - basic
Net earnings (loss) per share - basic
2.87
Earnings (loss) per share-continuing operations - diluted
Earnings (loss) per share-discontinued operations - diluted
Earnings (loss) per share-gain from discontinued operations - diluted
Net earnings (loss) per share - diluted
2.86
Dividends per share
0.62
Total number of employees
351,000
Number of common stockholders
18,007
22
(647)
4,625
1,568
278
1,846
(67)
(3)
(70)
1,776
2,849
845.4
850.8
818.738
3.37
3.33
0.54
366,000
18,128
25
(572)
4,497
1,627
284
1,911
(174)
(27)
(201)
1,710
2,787
2,787
861.9
868.6
859.771
3.23
3.23
3.21
3.21
0.46
352,000
18,139
01/31/2009
USD
Not Qualified
Yes
Millions
12,761
471
3,061
11,443
02/02/2008
USD
Not Qualified
Yes
Millions
13,417
(31)
454
2,689
(331)
12,761
02/03/2007
USD
Not Qualified
Yes
Millions
12,013
396
987
13,417
01/31/2009
USD
Not Qualified
Yes
Millions
2,214
02/02/2008
USD
Not Qualified
Yes
Millions
2,849
02/03/2007
USD
Not Qualified
Yes
Millions
2,787
1,826
72
91
1,251
33
222
(458)
77
(224)
(76)
(389)
(230)
(139)
160
4,430
(3,547)
39
(823)
(42)
(4,373)
0
(500)
3,557
(1,455)
(465)
(2,815)
43
(8)
(1,643)
(1,586)
2,450
864
873
1,399
1,659
73
(70)
481
28
52
(602)
(525)
(139)
101
111
62
124
(79)
4,125
(4,369)
95
(1,739)
(182)
(6,195)
1,000
(500)
7,617
(1,326)
(442)
(2,477)
(331)
210
(44)
3,707
1,637
813
2,450
633
1,734
31.2
2,787
1,496
99
(201)
380
53
(35)
(226)
(431)
(30)
5
435
389
41
100
4,862
(3,928)
62
(683)
(144)
(4,693)
1,256
(1,155)
(380)
(901)
181
(5)
(1,004)
(835)
1,648
813
584
1,823
57.05
62.03
01/28/2006
USD
Not Qualified
Yes
Millions
1,648
5,666
5,838
344
560
349
1,253
14,405
4,449
14,174
3,219
2,214
1,158
6,176
19,038
524
183
752
93
1,552
34,995
6,268
506
366
294
-
1,027
2,193
374
753
9,588
9,771
101
753
9,119
851
362
596
274
1,232
73
2,121
12,013
(2)
14,205
01/28/2006
USD
Not Qualified
Yes
Millions
51,271
1,349
52,620
34,927
11,185
776
1,409
4,323
524
8
42
27
(463)
3,860
1,361
213
1,574
(110)
(12)
(122)
1,452
2,408
2,408
882
889.2
874.075
2.73
2.73
2.71
2.71
338,000
18,166
01/28/2006
USD
Not Qualified
Yes
Millions
11,148
334
1,209
12,013
01/28/2006
USD
Not Qualified
Yes
Millions
2,408
2,408
1,409
93
(122)
466
70
(50)
(244)
(454)
(28)
(24)
489
351
70
17
4,451
(3,388)
58
(819)
(4,149)
913
(527)
(318)
(1,197)
172
59
(1)
(899)
(597)
2,245
1,648
468
1,448
54.17
01/31/2008
USD
Not Qualified
Yes
Thousands
5,569,000
3,654,000
35,180,000
3,182,000
47,585,000
19,879,000
72,533,000
28,026,000
2,210,000
122,648,000
28,773,000
93,875,000
5,736,000
2,594,000
3,142,000
16,071,000
2,841,000
163,514,000
5,040,000
30,370,000
5,247,000
2,907,000
7,645,000
15,799,000
1,016,000
5,913,000
316,000
58,454,000
34,852,000
860,000
35,712,000
5,913,000
01/31/2007
USD
Not Qualified
Yes
Thousands
7,373,000
2,840,000
33,685,000
2,690,000
46,588,000
18,612,000
64,052,000
25,168,000
1,966,000
109,798,000
24,408,000
85,390,000
5,392,000
2,342,000
3,050,000
13,759,000
2,406,000
151,193,000
2,570,000
28,090,000
5,347,000
2,954,000
6,374,000
14,675,000
706,000
5,428,000
285,000
51,754,000
31,891,000
759,000
32,650,000
5,428,000
31,349,000
3,200,000
6,014,000
2,191,000
393,000
3,920,000
63,660,000
(2,396,000)
(17,000)
(275,000)
(2,688,000)
65,285,000
-
29,799,000
3,603,000
5,111,000
1,939,000
397,000
3,028,000
57,319,000
4,093,000
(229,000)
3,864,000
64,608,000
-
27,222,000
3,513,000
4,971,000
2,160,000
413,000
2,834,000
55,818,000
2,875,000
(367,000)
2,508,000
61,573,000
-
4,066,000
4,072,000
3,973,000
3.17
(0.04)
3.13
3.16
(0.03)
3.13
0.88
2,100,000
303,823
4,164,000
4,168,000
4,131,000
2.92
(0.21)
2.71
2.92
(0.21)
2.71
0.67
1,900,000
312,423
01/31/2009
USD
Not Qualified
Yes
Thousands
57,319,000
3,746,000
3,315,000
2,000
63,660,000
01/31/2008
USD
Not Qualified
Yes
Thousands
55,818,000
3,586,000
7,484,000
(160,000)
57,319,000
01/31/2007
USD
Not Qualified
Yes
Thousands
49,105,000
2,802,000
1,769,000
55,818,000
01/31/2009
USD
Not Qualified
Yes
Thousands
13,400,000
(146,000)
13,254,000
6,739,000
581,000
1,268,000
(101,000)
(220,000)
(410,000)
2,036,000
23,147,000
23,147,000
(11,499,000)
714,000
01/31/2008
USD
Not Qualified
Yes
Thousands
12,731,000
153,000
12,884,000
6,317,000
(8,000)
601,000
(564,000)
(775,000)
865,000
1,034,000
20,354,000
20,354,000
(14,937,000)
957,000
01/31/2007
USD
Not Qualified
Yes
Thousands
11,284,000
894,000
12,178,000
5,459,000
89,000
1,039,000
(214,000)
(1,274,000)
2,344,000
588,000
20,209,000
(45,000)
20,164,000
(15,666,000)
394,000
47.12
(257,000)
(1,338,000)
(95,000)
(15,670,000)
(15,670,000)
2,376,000
11,167,000
(8,723,000)
(3,586,000)
(7,691,000)
(343,000)
(334,000)
(7,134,000)
252,000
(2,198,000)
7,767,000
5,569,000
6,299,000
1,622,000
50.74
610,000
(68,000)
223,000
(14,507,000)
44,000
(14,463,000)
(1,193,000)
7,199,000
(5,758,000)
(2,802,000)
(1,718,000)
(340,000)
(227,000)
(4,839,000)
97,000
959,000
6,414,000
7,373,000
6,665,000
1,553,000
47.69
01/31/2006
USD
Not Qualified
Yes
Thousands
6,414,000
2,662,000
32,191,000
2,557,000
43,824,000
16,643,000
56,163,000
22,750,000
1,746,000
97,302,000
21,427,000
75,875,000
5,578,000
2,163,000
3,415,000
12,188,000
2,885,000
138,187,000
3,754,000
25,373,000
13,465,000
1,340,000
4,595,000
299,000
48,826,000
30,152,000
872,000
31,024,000
4,595,000
26,429,000
3,742,000
4,552,000
1,467,000
417,000
2,596,000
49,105,000
770,000
515,000
(232,000)
1,053,000
53,171,000
-
01/31/2006
USD
Not Qualified
Yes
Thousands
312,427,000
3,227,000
315,654,000
240,391,000
56,733,000
18,530,000
1,171,000
249,000
248,000
(1,172,000)
14,447,000
2,911,000
17,358,000
4,646,000
449,000
837,000
5,932,000
(62,000)
56,000
(123,000)
(129,000)
5,803,000
11,555,000
324,000
11,231,000
11,231,000
4,183,000
4,188,000
4,165,000
2.68
2.68
2.68
2.68
0.6
1,800,000
312,663
01/31/2006
USD
Not Qualified
Yes
Thousands
43,854,000
2,511,000
3,469,000
49,105,000
01/31/2006
USD
Not Qualified
Yes
Thousands
11,231,000
4,717,000
(129,000)
620,000
(456,000)
(1,733,000)
2,390,000
993,000
17,633,000
17,633,000
(14,563,000)
1,049,000
(601,000)
(68,000)
(14,183,000)
(14,183,000)
(704,000)
7,691,000
(2,724,000)
(2,511,000)
(3,580,000)
(245,000)
(349,000)
(2,422,000)
(102,000)
926,000
5,488,000
6,414,000
5,962,000
1,390,000
46.11
TARGET
RATIOS
2009
2008
2007
2006
Growth Rate
Current Ratio
1.66
1.60
1.32
1.50
3.46%
Quick Ratio
1.03
1.03
0.76
0.89
4.71%
3.52%
4.63%
4.82%
4.70%
-9.16%
29.78%
31.85%
31.93%
31.88%
-2.24%
ROI
5.02%
6.39%
7.46%
6.88%
-9.98%
ROE
16.15%
18.61%
17.83%
16.95%
-1.61%
Inventory Turnover
9.38
9.07
9.25
8.78
2.21%
Asset Turnover
1.43
1.38
1.55
1.47
-0.90%
2.44
2.55
2.70
2.69
-3.22%
10.91
17.13
19.32
19.99
-18.28%
57,878
51,271
344,992,000 312,427,000
Growth Rate
22.65%
28.43%
Price/Earnings
Sales
Target
Wal-Mart
$62,884
$401,244,000
61,471
374,526,000
Target and Wal-Mart perform similar activities in different ways. Target aims to be an upscale
discount retailor focusing on providing "trendy" items at a discount. Their strategy is to be
committed to "delivering a shopping experience that is preferred by our customers." Wal-Mart's
aim is to deliver the lowest prices on merchandise. Their business strategy is committed to
"saving people money."
The sales figures and ratios of Target verse Wal-Mart are consistent with their basic business
strategies. When the economy weekend Wal-Mart with their "low prices" strategy held a
competitive advantage over Target and it's "experience" strategy. Sales for Target dropped as
people where choosing low prices over an experience. Target has a higher Gross profit margin
than Wal-Mart which is relatable to their business strategies. Although the GPS for target has
declined while Wal-Mart's has increased, as the economy struggles to rise from it's recession,
Target should lean slightly towards a "low prices" inclusion within their strategy. The creation of
Super Targets, making it an all in one shop is beneficial for the overall experience, with keeping
the integrity. Looking at Inventory turnover, Wal-Mart has maintained a constant increasing
turnover where as Target has slowly risen. This is consistent with the strategies of Wal-Mart and
due to the idea that in a recession lower cost are more important to a consumer. In regards to
quick ratio Wal-Mart is less conservative compared to Target, which can be attributed to the
higher inventory turnover Wal-Mart holds. Targets sales and business strategy are more sensitive
than Wal-Mart within the economy. Target does more advertising and should take advantage of
WAL-MART
2009
2008
2007
2006
Growth Rate
0.88
0.81
0.90
0.90
-0.52%
0.26
0.21
0.25
0.24
3.04%
3.34%
3.40%
3.27%
3.59%
-2.42%
23.70%
23.50%
23.43%
23.06%
0.92%
8.20%
7.79%
7.46%
8.13%
0.29%
20.53%
19.70%
18.33%
21.12%
-0.95%
11.63
10.65
10.24
9.71
6.21%
2.46
2.29
2.28
2.26
2.79%
4.32
3.99
4.04
4.12
1.62%
13.86
16.21
17.60
17.21
-6.96%