Target (TGT) 8-K Other Events

Exhibit 99.a

CONSOLIDATED RESULTS OF OPERATIONS

(Millions, except per share data)

(Unaudited)

	Year Ended		Three Months Ended										Year Ended		Three Months Ended
	February 1, 2003		May 3, 2003		August 2, 2003			November 1, 2003			January 31, 2004		January 31, 2004		May 1, 2004		July 31, 2004
Sales	$	36,519	$	8,663		$	9,324		$	9,552	$	13,389	$	40,928	$	9,909	$	10,277
Net credit revenues	891		265			270			275		287		1,097		271		279
Total revenues	37,410		8,928			9,594			9,827		13,676		42,025		10,180		10,556
Cost of sales	25,498		5,957			6,450			6,643		9,339		28,389		6,769		7,009
Selling, general and administrative expense	7,455		1,877			2,010			2,164		2,554		8,605		2,162		2,280
Credit expense	629		175			175			180		193		723		174		173
Depreciation and amortization	967		261			274			277		286		1,098		292		299
Earnings from continuing operations before interest expense and income taxes	2,861		658			685			563		1,304		3,210		783		795
Interest expense	584		142			154			131		129		556		143		207
Earnings from continuing operations before income taxes	2,277		516			531			432		1,175		2,654		640		588
Provision for income taxes	870		196			202			161		444		1,003		242		222
Earnings from continuing operations	1,407		320			329			271		731		1,651		398		366
Earnings from discontinued operations,  net of $152, $18, $18, $18, $62, $116, $25, $19 tax	247		29			29			31		101		190		40		31
Gain on disposal of discontinued operations,  net of $650 tax	—		—			—			—		—		—		—		1,019
Net earnings	$	1,654	$	349		$	358		$	302	$	832	$	1,841	$	438	$	1,416
Basic earnings per share:
Continuing operations	$	1.55	$	0.35		$	0.36		$	0.30	$	0.80	$	1.81	$	0.44	$	0.40
Discontinued operations	0.27		0.03			0.03			0.03		0.11		0.21		0.04		0.03
Gain on disposal of discontinued operations	—		—			—			—		—		—		—		1.12
Basic earnings per share	$	1.82	$	0.38		$	0.39		$	0.33	$	0.91	$	2.02	$	0.48	$	1.55
Diluted earnings per share:
Continuing operations	$	1.54	$	0.35		$	0.36		$	0.30	$	0.80	$	1.80	$	0.44	$	0.40
Discontinued operations	0.27		0.03			0.03			0.03		0.11		0.21		0.04		0.03
Gain on disposal of discontinued operations	—		—			—			—		—		—		—		1.11
Diluted earnings per share	$	1.81	$	0.38		$	0.39		$	0.33	$	0.91	$	2.01	$	0.48	$	1.54
Weighted average common shares outstanding:
Basic	908.0		910.3			910.8			911.3		911.6		911.0		912.6		911.5
Diluted	914.0		915.1			918.1			918.0		917.4		917.1		920.5		918.0