In a letter to the shareholders of Target, CEO Brian Cornell described the recent successes of the company and their future plans. A financial report accompanied Cornell’s letter, including statistics that were referenced in the letter.
Cornell’s letter discussed goals of Target for the coming years saying, “Deliver what guests want and need today while anticipating where they’re headed tomorrow. Invest vigorously in the team, strategy and capabilities to stay in step with guests. Grow steadily. Grow profitably.” The description and attitude towards growth is displayed in a couple ways throughout the letter. When describing the pre-pandemic and pandemic years, Cornell notes that Target “spiked to never-before-seen growth rates.”
The attitude towards profit changes in the letter with the most recent year, 2022. Cornell notes that Target is now focussing on slow, continuous growth despite changing market conditions.
Looks fine, Joe. Good explanation of the quotes. Context.