Target 2008 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2008 Target annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

3MAR200917194937
Comparison of Cumulative Five Year Total Return
2004 2005 2006 2007 20092008
Dollars ($)
Peer Group
S&P 500 Index
Target
60
100
120
140
80
160
180
Fiscal Years Ended
January 31, January 29, January 28, February 3, February 2, January 31,
2004 2005 2006 2007 2008 2009
Target $100.00 $134.62 $146.16 $166.98 $154.95 $ 85.91
S&P 500 Index 100.00 106.23 117.26 135.22 132.78 80.51
Peer Group 100.00 109.98 113.26 127.58 118.61 86.42
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 36 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 January 31, 2004 and
reinvestment of all dividends.
Item 6. Selected Financial Data
As of or for the Year Ended
2008 2007 2006(a) 2005 2004 2003
Financial Results: (millions)
Total revenues $64,948 $63,367 $59,490 $52,620 $46,839 $42,025
Earnings from continuing operations 2,214 2,849 2,787 2,408 1,885 1,619
Net Earnings 2,214 2,849 2,787 2,408 3,198 1,809
Per Share:
Basic earnings per share 2.87 3.37 3.23 2.73 2.09 1.78
Diluted earnings per share 2.86 3.33 3.21 2.71 2.07 1.76
Cash dividends declared per share 0.62 0.54 0.46 0.38 0.31 0.27
Financial Position: (millions)
Total assets 44,106 44,560 37,349 34,995 32,293 27,390
Long-term debt, including current portion 18,752 16,590 10,037 9,872 9,538 11,018
(a) Consisted of 53 weeks.
11
PART II