***Use https://corporate.target.com/annual-reports/2018***

Horizontal Analysis of the Income Statements

Target Corporation

INSTRUCTIONS: Change XX to the year of the report you are analyzing. You may have to insert additional rows based on the actual Target Consolidated statement.

FY 2018

FY 2017

$ Change

% Change

FY 2016

$ Change

% Change

Sales

$-

#DIV/0!

$-

#DIV/0!

Cost of sales

$-

#DIV/0!

$-

#DIV/0!

Gross margin

$-

$ -

$-

#DIV/0!

$-

$-

#DIV/0!

Selling, general, and administrative expenses

$-

#DIV/0!

$-

#DIV/0!

Depreciation and amortization

$-

#DIV/0!

$-

#DIV/0!

Gain on sale

$-

100.00%

$-

100.00%

Earnings from continuing operations before interest and taxes

$-

$-

$-

#DIV/0!

$-

$-

#DIV/0!

Net interest expense

$-

#DIV/0!

$-

#DIV/0!

Earnings from continuing operations before income taxes

$-

$-

$-

#DIV/0!

$-

$-

#DIV/0!

Provision for income taxes

$-

#DIV/0!

$-

#DIV/0!

Net earnings from continuing operations

$-

$-

$-

#DIV/0!

$-

$-

#DIV/0!

Discontinued operations, net of tax

$-

#DIV/0!

$-

#DIV/0!

Net earnings/(loss)

$-

$-

$-

#DIV/0!

$-

$-

#DIV/0!