Target Just Reported Earnings. Here's Whether the Dividend King Is Still a Buy.
The once-struggling retailer just reported a second-consecutive solid quarter just one year after a new CEO took over. Connect the dots.
Overview
After a long dry spell, retailer Target (NYSE: TGT) is back on track.
That's the quick takeaway from last quarter's earnings report anyway. The company's same-store sales grew 3.8% year-over-year on a 3.6% improvement in foot traffic for the three months ending in early August, driving total top-line growth of 5.3%, and marking the second strong quarter in a row following yet-another disappointing year ending in early February.
Details
It's arguably not mere temporary luck either. The strategic turnaround plan unveiled in March has much of what previous plans were missing. That's effective investments in the right opportunities for improvement like more store personnel and smarter merchandise assortment (assisted by artificial intelligence).
Source
Originally published at www.fool.com.
Related Articles
- Democratic House leader Jeffries meets with Jared Kushner as midterms loom
- The U.S. National Debt Officially Surpassed $40 Trillion in August: Here's What History Says This Means for the Stock Market
- SentinelOne Is Up 42% This Year and Reports Earnings on August 27. Should You Buy Before the Earnings Release?