Target Sees Strong Performance by Grocery in Q1

Target Corp. continues to experience topline growth on top of unprecedented increases over the last two years. According to its first quarter results, comparable sales grew 3.3%, on top of 22.9% growth last year. Some highlights were comparable sales growth reflecting traffic growth of 3.9%, digital comparable sales growing 3.2%, following growth of 50.2% last year and same-day services (order pick-up, drive-up and Shipt) grew 8% this year, led by drive-up, which grew in the mid-teens on top of more than 120% last year.