Target Stock Still Looks Like a Big Winner
There's no question that one of the biggest winners during the pandemic was Target (NYSE: TGT), especially among retail stocks.
The big-box chain's same-day fulfillment strategy delivered outstanding results, and its hybrid model as both an essential and discretionary retailer drove sales growth across all of its major categories last year, from apparel to groceries. Comparable-store sales jumped 19.3%, and adjusted earnings per share rose 47%.
With the pandemic tailwinds fading and comparisons with the prior year getting more difficult, there were some questions coming into its second-quarter earnings report if its momentum would continue, but the retailer unquestionably delivered. Among the highlights were:
Source Fool.com
