Target Earnings: 3 Metrics to Watch
Target (NYSE: TGT) stock is enjoying good momentum heading into its fiscal first-quarter earnings report. The retailer, like many national peers including Walmart and Costco Wholesale, posted record sales during the pandemic. But Target notched faster gains than its rivals, and it paired that market share spike with rising profitability.
Approaching its first operating update of 2021, the big question is whether those good times will last deep into another year. Let's look at three metrics that might support that bullish thesis when Target reports earnings on Wednesday, May 19.
Target is a fundamentally larger company than it was just a year ago. The retailer added $9 billion in new market share in 2020 as consumers turned to its multi-channel selling platform during the pandemic.
Source Fool.com
