3 Reasons Target Is on Top of the Retail Industry
Target (NYSE: TGT) did it again.
Shares of the "cheap-chic" retailer jumped after the company turned in another impressive earnings report, reaching a new all-time high and marking the second time in a row that the stock has climbed double digits on an earnings report. Target beat analyst estimates on all fronts, with 4.5% comparable sales growth driving adjusted earnings up 25% year over year to $1.36 per share. Target also lifted its full-year guidance, calling for adjusted EPS of $6.25 to $6.45, up from a prior range of $5.90 to $6.20.
A familiar combination of strategic initiatives helped drive the strong performance. Let's take a look below at three reasons why Target is one of the strongest retailers in the industry today.
Source Fool.com
