Target’s food and beverage sales have increased nearly $9 billion over the past four years to become a $24 billion business — and according to Brian Cornell, the company’s chairman and chief executive officer, there is still room to grow. As reported by Food Business News, Cornell discussed the possibilities during an Aug. 21 analyst call regarding fiscal 2024 second-quarter results.
“We think we have significant opportunity for growth in that space, led by the unique combination of great national-brand partnerships and some really strong owned brands that are connected with the consumer,” Cornell said. “So we think we’re still in the early days of building out our food business.”
