Target Has Another Excellent Quarter; What's the Secret Sauce?

Retail giant Target (NYSE: TGT) continued its excellent operating performance in the second quarter, reporting year-over-year comparable-store sales growth of 8.9% on top of the 24.3% growth it reported last year. The measure, which accounts for increases in sales at stores open for the previous 12 months, was fueled in part by consumers returning to shop in stores.

Target is, of course, making every effort to welcome shoppers back with open arms. Economic reopenings and mass vaccinations against COVID-19 give people the confidence to go out and into stores again. So how has Target been able to sustain excellent performance? Let's look closer at second-quarter earnings figures to find out.

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Source Fool.com