Target's Pandemic Run Is Over. Here's Why It Doesn't Matter.
A 9% comps increase may not look so impressive when compared to 24%. But the company is Target (NYSE: TGT), and the quarter is coming after a phenomenal pandemic performance -- so it was actually quite a feat to stack a 9% rise in the second fiscal quarter (ended July 31) on top of 24% last year. And investors should expect more achievements in the coming year. Here's why.
Target posted extraordinary growth during the pandemic, fueled by digital -- especially same-day -- services.
Data source: Target quarterly reports. All numbers are year-over-year increases.
Source Fool.com
