Target Reports 4.5% Comp Sales Growth, Remains a Strong Pick
Target (NYSE: TGT) reported very strong third-quarter earnings results that underscore its ability to operate within a shifting retail environment. With solid same-store sales, robust online growth, and a continued emphasis on improving its deliveries, it's hard to find a better name within the sector.
The strong quarter also displays the ongoing strength of the consumer across the economy. It sets the stage for a potentially awesome holiday season.
Easily the biggest success here was sales growth. With 4.5% comparable sales growth, Target is maintaining its positive story.
Source Fool.com
