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3 Reasons Target Just Crushed Earnings Estimates Again

TheMotleyFool

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3 Reasons Target Just Crushed Earnings Estimates AgainPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

In a season of strong retail earnings reports, Target (NYSE: TGT) again outdid the competition.

The big-box chain has been one of the biggest winners among brick-and-mortar retailers over the last year, with share prices up 74%. Target's price rose another 6% after its first-quarter earnings report, and it's easy to see why.

The company smashed expectations. Comparable sales jumped 22.9%, well ahead of estimates at 11.9%, and that comes after 10.8% growth the year before, giving the company two-year comp sales growth of over 35%.

Source Fool.com

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