TGT » Topics » EBIT is earnings before interest expense and income taxes.

This excerpt taken from the TGT 10-K filed Mar 18, 2010.

   EBIT is earnings before interest expense and income taxes.

(a)
New account and loyalty rewards redeemed by our guests reduce reported sales. Our Retail Segment charges these discounts to our Credit Card Segment, and the reimbursements of $89 million in 2009, $117 million in 2008, and $114 million in 2007, are recorded as a reduction to SG&A expenses within the Retail Segment.

   
Retail Segment Rate Analysis
  2009
  2008
  2007
 
   

Gross margin rate

    30.5 %   29.8 %   30.2 %

SG&A expense rate

    20.5     20.4     20.4  

EBITDA margin rate

    10.1     9.4     9.7  

Depreciation and amortization expense rate

    3.2     2.9     2.7  

EBIT margin rate

    6.9     6.5     7.1  
   
This excerpt taken from the TGT 10-K filed Mar 12, 2010.

   EBIT is earnings before interest expense and income taxes.

(a)
New account and loyalty rewards redeemed by our guests reduce reported sales. Our Retail Segment charges these discounts to our Credit Card Segment, and the reimbursements of $89 million in 2009, $117 million in 2008, and $114 million in 2007, are recorded as a reduction to SG&A expenses within the Retail Segment.

   
Retail Segment Rate Analysis
  2009
  2008
  2007
 
   

Gross margin rate

    30.5 %   29.8 %   30.2 %

SG&A expense rate

    20.5     20.4     20.4  

EBITDA margin rate

    10.1     9.4     9.7  

Depreciation and amortization expense rate

    3.2     2.9     2.7  

EBIT margin rate

    6.9     6.5     7.1  
   
This excerpt taken from the TGT 10-Q filed Jun 5, 2009.

EBIT is earnings before interest expense and income taxes.

(a)

New account and loyalty rewards redeemed by our guests reduce reported sales. Our Retail Segment charges the cost of these discounts to our Credit Card Segment, and the reimbursements of $20 million for the three months ended May 2, 2009 and $24 million for the three months ended May 3, 2008 are recorded as a reduction to SG&A expenses within the Retail Segment.

 

Retail Segment Rate Analysis

 

Three Months Ended

 

 

May 2, 2009

 

May 3, 2008

 

Gross margin rate

 

30.8%

 

30.8%

 

SG&A expense rate

 

20.9%

 

21.1%

 

EBITDA margin rate

 

10.0%

 

9.7%

 

Depreciation and amortization expense rate

 

3.3%

 

3.0%

 

EBIT margin rate

 

6.7%

 

6.7%

 

These excerpts taken from the TGT 10-K filed Mar 13, 2009.

   EBIT is earnings before interest expense and income taxes.

(a)
New account and loyalty rewards redeemed by our guests reduce reported sales. Our Retail Segment charges these discounts to our Credit Card Segment, and the reimbursements of $117 million in 2008, $114 million in 2007 and $109 million in 2006, are recorded as a reduction to SG&A expenses within the Retail Segment.
   
Retail Segment Rate Analysis
  2008
  2007
  2006
 
   

Gross margin rate

    29.8 %   30.2 %   30.3 %

SG&A expense rate

    20.4     20.4     20.3  

EBITDA margin rate

    9.4     9.7     10.0  

Depreciation and amortization expense rate

    2.9     2.7     2.6  

EBIT margin rate

    6.5     7.1     7.4  
   

   EBIT is earnings before interest expense and income taxes.




(a)
New account and loyalty rewards redeemed by our guests reduce reported sales. Our Retail Segment charges these discounts to our Credit Card Segment, and the
reimbursements of $117 million in 2008, $114 million in 2007 and $109 million in 2006, are recorded as a reduction to SG&A expenses within the Retail
Segment.









































































































  
Retail Segment Rate Analysis
 2008
 2007
 2006
 
  

Gross margin rate

   29.8%  30.2%  30.3%

SG&A expense rate

   20.4   20.4   20.3 

EBITDA margin rate

   9.4   9.7   10.0 

Depreciation and amortization expense rate

   2.9   2.7   2.6 

EBIT margin rate

   6.5   7.1   7.4 
  




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