Target's First Quarter Shows Why It's Primed for Long-Term Growth
As expected, Target's (NYSE: TGT) earnings fell sharply in its first quarter as the company ramped up bonuses for front-line workers and shelled out for additional supply chain expenses.
The stock is down modestly since the release, but despite the decline in profits, this was an all-around strong quarter. Let's review some of the highlights below.
Overall, the results portray a burgeoning digital and omnichannel business that is fulfilling its promise to investors and fueling Target's long-term growth in a challenging environment.
Source Fool.com
