Target's Monster Quarter: Revenue Grows by 23%
Target (NYSE: TGT) reported first-quarter earnings results last week. The numbers were fantastic and crushed analysts' expectations. The retailer is benefiting from consumers ready to go out and spend after being cooped up at home for over a year.
That consumer willingness was supplemented by an increasing ability to spend due to stimulus checks hitting bank accounts in March and April. Overall revenue increased by nearly 23% year over year, making it the fourth quarter in a row with revenue growth exceeding 20%.
Image source: Target.
Source Fool.com
