Target Corporation (NYSE: TGT) reported a decent quarter. Versus analyst expectations of revenue of $22.5 billion, the company posted $22.8 billion on the top line. In the heavily watched same-store sales metric, the company solidly beat expectations of 3.1% year-over-year growth by posting a 3.6% rate. Finally, online sales increased 29% from the prior year, higher than Walmart's (NYSE: WMT) 23% growth rate.If you think investors were elated that Target finally posted strong year-over-year growth (10% -- although this figure does include an additional week of sales), you'd be wrong.
Retail Earnings Bring Bad News For Wage Growth
newsfeedback@fool.com (Jamal Carnette, CFA), The Motley Fool
Sun, 03/11/2018 - 12:04pm
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