How Target Made Itself Amazon-Proof
Of all the brick-and-mortar retailers, arguably none have performed better than Target (NYSE: TGT) during the pandemic.
The big-box chain just capped off its fifth straight quarter of double-digit comparable sales growth, reporting 22.9% comp growth in its first quarter, or more than 35% on a two-year basis.
The retailer also posted a record for adjusted earnings per share of $3.69, even though its seasonally strongest quarter is during the holiday season. Target has consistently outperformed analyst expectations in recent years thanks to its investments in omnichannel infrastructure, which have made it much more nimble than it was just a few years ago.
Source Fool.com
