TGT - Target Puts Retailers In Its Rear-View Mirror
Source: Business Insider
Retailers have gotten hammered this earnings season. Some have reported stagnant sales growth, while others have reported shrinking margins or both. Target (TGT) bucked the trend with stellar quarterly results. The company reported revenue of $18.67 billion, Non-GAAP EPS of $1.36 and GAAP EPS of $1.37. The company beat on revenue and earnings. The stock is up by double digits post-earnings. I had the following takeaways on the quarter.
Customers Are Flocking To Target
Q3 2019 revenue of $18.7 billion rose 5% Y/Y. Sales growth stood out due to Target's