Where Will Target Be in 5 Years?

Target (NYSE: TGT) has been one of the best retail stocks on the market recently, up more than 150% over the last three years.

Its performance during the pandemic helps explain why. Comparable sales jumped 19.3% last year and its revenue grew by $15.3 billion, more than its combined sales growth over the last 11 years. Target's bottom line surged as well, with adjusted earnings per share up 47% to $9.42.

The retailer has excelled during the pandemic because of its multi-category format, offering everything from groceries to apparel to home goods, and because of investments the company has made in recent years in same-day fulfillment services. This includes curbside pickup, which it calls Drive Up and saw sales jump more than 600% in last year.

Source Fool.com