Target Has a Christmas Surprise for Investors
It's full-speed ahead for Target's (NYSE: TGT) business. On Wednesday, the retailer issued a sales update that covered the key holiday shopping season, which tends to shape its broader fiscal year.
The announcement didn't include earnings or profitability metrics, but there was still plenty in the report to have investors feeling cheery heading into early 2021. Let's take a look.
Revenue growth was impressive, even through it slowed compared to Target's blockbuster third quarter. Overall, comparable-store sales jumped 17% when you include the over 100% spike in digital orders. Customer traffic was up a solid 4%, and average spending per visit continued to soar, rising 12%.
Source Fool.com
