Target Earnings: What to Watch
Target (NYSE: TGT) investors have had plenty of good news to celebrate in recent months. The chain's last two quarterly reports included some of its best growth metrics in years. Better yet, profitability has finally started rising following two years of declines. These trends suggest that the chain's multichannel selling strategy might deliver the robust sales and earnings gains that management has been promising, just as it has recently for peer Walmart (NYSE: WMT).
CEO Brian Cornell and his team predicted in late May that Target would gain market share across its retailing categories and in both the physical and digital selling channels. We'll find out whether that bullish forecast played out when the company announces second-quarter results on Wednesday, Aug. 21.
Let's take a closer look at key indicators.
Source Fool.com
