3 Reasons Target Just Crushed Earnings Estimates Again
In a season of strong retail earnings reports, Target (NYSE: TGT) again outdid the competition.
The big-box chain has been one of the biggest winners among brick-and-mortar retailers over the last year, with share prices up 74%. Target's price rose another 6% after its first-quarter earnings report, and it's easy to see why.
The company smashed expectations. Comparable sales jumped 22.9%, well ahead of estimates at 11.9%, and that comes after 10.8% growth the year before, giving the company two-year comp sales growth of over 35%.
Source Fool.com
