The solid fourth-quarter financial results Target reported last week were quickly overshadowed by long-term growth objectives that gave stakeholders a clear idea of where the company is headed in terms of sales and profits. Target expects its annual sales, currently about $66 billion, to reach the $100 billion mark within six to seven years, and current earnings per share of $4 will at least double over that same time frame.
If those goals sound lofty and the time frame ambitious, it’s worth reviewing some of the growth drivers the company has in place and those which are yet to take hold.