Target delivered record sales growth and deepened trust with guests.
Years of investment in our safe, convenient and inspiring one-stop shopping experience met the wants and needs of American families.
At the heart of it all is our team.
We’ve prioritized their care and growth.
Our results in 2020 were years in the making, underpinned by our durable, scalable and sustainable model that places the guest at the center of everything we do.
Target 2020 Highlights
+19.3%
Comparable Sales
+7.2%
Comparable Store Sales
+145%
Comparable Digital Sales
$8.64
GAAP EPS from continuing operations
$9.42
Adjusted EPS*
~$9 billion
in market share gains across our multi-category portfolio.
$15 billion
in sales growth in 2020, more than the past 11 years combined.
10
owned brands with
$1 billion+ in annual sales.
15%
basket growth.
3.7%
traffic increase.
$7+ billion
in same-day fulfillment sales, surpassing entire 2019 digital sales.
95%
of our more than $92 billion in total sales were fulfilled by our stores.
30
new stores opened.
12 million
more guests became multi-channel shoppers. Over time, multi-channel guests spend on average nearly 4x more than a store-only guest and nearly 10x more than a digital-only guest.
235%
growth in same-day services.
Drive Up grew more than 600%.
Shipt grew more than 300%.
Order Pickup grew more than 70%.
$15
an hour
starting wages for all U.S. hourly team members.
$1 billion+
additional amount we’ve invested in our team in 2020, including 5 recognition bonuses for frontline team members.
We’re extending our coronavirus benefits into 2021, including:
Paid time and free transportation for vaccinations.
Free access to health care through virtual doctor visits.
Free backup care for children or live-in elderly family members.
Access to discounts on tutoring and education resources.
Mental health support and free counseling sessions through Target’s Team Member Life Resources.
Access to personal protective equipment.
*Adjusted EPS is a non-GAAP financial measure most directly comparable to GAAP EPS from continuing operations. Adjusted EPS is reconciled to GAAP EPS from continuing operations in our fourth quarter and full-year 2020 earnings release posted on our investor relations website.
4 brands are now
$2b+
Record year of 29 new small-format stores.
