Target Earnings: 3 Takeaways
Investors had high expectations approaching Target's (NYSE: TGT) holiday season quarterly report -- and they weren't disappointed. The retailing giant grew its sales base on top of booming results a year earlier. It also avoided major supply-chain challenges while passing along most of its rising costs.
The 2022 outlook is just as good although shareholders will see slowing growth and declining profit margins over the next quarter or two. Let's dive right in.
Target is still growing faster than it was before the pandemic and beating most of its peers. Comparable-store sales rose 9% in the quarter, which looks great when stacked up against Walmart's 6% increase.
Source Fool.com
