Target's CFO on the Q2 Profit Spike: "Well Outside Anything I Have Seen in My 15 Years at This Company"
Target (NYSE: TGT) gave investors plenty to celebrate last week in its second-quarter earnings report. Sales growth and adjusted earnings each set a new record as the pandemic, combined with federal stimulus payments, lifted the retailing industry.
But Target captured more than its fair share of that industry growth. In fact, market share gains for the discount retailer accelerated in Q2 as compared to the prior quarter.
In a conference call with investors, CEO Brian Cornell and his team explained why more shoppers are choosing Target these days, and below we'll look at some highlights from that chat.
Source Fool.com
