Should You Panic About Target’s Next Earnings Report?
I often refer to Target (NYSE: TGT) as the "good student" of retail, with annual revenue gains since 2017, strong owned brands, and growth in key areas like digital sales and grocery. But these days our good student hasn't been at the top of the class.
Most recently, Target said declines in sales of high-margin items like clothing, as well as costs in pay and benefits during the coronavirus crisis, will lower profit in the first quarter. Not great news, but this doesn't mean we should give our good student a failing grade.
Let's take a closer look at the current situation at Target.
Source Fool.com
