Why Target Investors Should Be Wary of Rising Technology Costs
Target (NYSE: TGT) has, in the short term, stabilized its business.
The company has delivered a better-than-expected 2017 so far, reporting a comparable sales increase of 1.3% in Q2 and earnings per share (EPS) from continuing operations of $1.22, a 14.2% year-over-year increase. Perhaps most importantly, the chain has advanced its turnaround plan, remodeling some stores, and working toward integrating its website with its brick-and-mortar stores.
"We continue to focus on our long-term strategy, as we work to transform every part of our business and build an even better Target that will thrive in this new era in retail," said CEO Brian Cornell in the Q2 earnings release. "While our recent results are encouraging, we will continue to plan prudently as we invest in building our brands, our digital channel, the value we provide our guests, and elevating service levels in our stores."
Source: Fool.com
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