Target Q1 Earnings: Here's What You Need to Know

Target (NYSE: TGT) is coming off of a remarkable year in 2020. For example, Target's sales growth of $15 billion in 2020 was more than its growth over the past 11 years combined. That's how impactful the effects of the coronavirus pandemic were on this discount retailer.

Not that it has been alone in reaping these kinds of benefits: Home Depot, Walmart, and Costco are all retailers that experienced surging sales related to the pandemic. However, this quarter may be the last in which these retailers benefit substantially from that tailwind. As more people are getting vaccinated against the coronavirus, states are easing business restrictions, giving consumers more options for where they can spend their money.

That's why when Target reports first-quarter earnings on Wednesday, May 19, comparable-sales figures are what investors -- and potential investors -- will need to know.

Source Fool.com