The mass merchant laid out more of its long-term thinking ahead of an analysts meeting today.
, chairman and chief executive officer of Target, said the quarter and the year reinforced “the durability of our business model and our confidence in long-term profitable growth.”
“As we look ahead, we’ll keep investing and delivering on all that has earned the loyalty and trust of our guests. That starts with our outstanding team and includes continued differentiation through affordability, assortment, ease and convenience,” Cornell said. The company will be laying out more of its game plan for the future at an analyst meeting in New York Tuesday morning, but did give a sense of where it’s headed, laying out its “long-term financial algorithm.”• mid-single-digit growth in operating income;• annual capital expenditures of $4 billion to $5 billion,
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