Target has completed two fiscal years and started a third since the pandemic began. In that time, they have grown by tens of billions of dollars, through 19-consecutive quarters of comp-store growth, including 11-straight quarters of growth that preceded COVID-19. The ongoing and evolving COVID-19 pandemic may continue to amplify the risks and uncertainties facing the business and their potential impact on Target’s financial position, results of operations, and cash flows.
Throughout these difficult months, they have invested more than ever in team members and their families, contributed to meaningful gains in diversity, equity and inclusion, and organized significant resources through Target Forward to support environmental and social sustainability for the decades ahead.