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7MAR200817290926
Comparison of Cumulative Five Year Total Return
2003 2004 2005 2006 2007 2008
Dollars ($)
Peer Group
S&P 500 Index
Target
50
100
150
250
200
Fiscal Years Ended
February 1, January 31, January 29, January 28, February 3, February 2,
2003 2004 2005 2006 2007 2008
Target $100.00 $135.54 $182.47 $198.11 $226.33 $210.03
S&P 500 Index 100.00 134.57 142.95 157.79 181.97 178.69
Peer Group 100.00 130.86 142.71 147.71 166.79 153.65
The graph above compares the cumulative total shareholder return on our common stock for the last five
fiscal years with the cumulative total return on the S&P 500 Index and a peer group consisting of the
companies comprising the S&P 500 Retailing Index and the S&P 500 Food and Staples Retailing Index (Peer
Group) over the same period. The Peer Group index consists of 40 general merchandise, food and drug
retailers and is weighted by the market capitalization of each component company. The graph assumes the
investment of $100 in Target common stock, the S&P 500 Index and the Peer Group on February 1, 2003 and
reinvestment of all dividends.
Item 6. Selected Financial Data
2007 2006(a) 2005 2004 2003 2002
Financial Results: (millions)
Total revenues $63,367 $59,490 $52,620 $46,839 $42,025 $37,410
Earnings from continuing operations $ 2,849 $ 2,787 $ 2,408 $ 1,885 $ 1,619 $ 1,376
Net Earnings $ 2,849 $ 2,787 $ 2,408 $ 3,198 $ 1,809 $ 1,623
Per Share:
Basic earnings per share $ 3.37 $ 3.23 $ 2.73 $ 2.09 $ 1.78 $ 1.52
Diluted earnings per share $ 3.33 $ 3.21 $ 2.71 $ 2.07 $ 1.76 $ 1.51
Cash dividends declared $ .54 $ .46 $ .38 $ .31 $ .27 $ .24
Financial Position: (millions)
Total assets $44,560 $37,349 $34,995 $32,293 $27,390 $24,506
Long-term debt, including current portion $16,590 $10,037 $ 9,872 $ 9,538 $11,018 $11,090
(a) Consisted of 53 weeks.
10