# Target to launch another food and beverage brand in April, Favorite Day

See: Target to spend $4 billion annually over the next several years to build on ‘record breaking’ 2020

Also: Target’s enhanced Apple shops aim for greater electronics sales, analyst says

Favorite Day, with its focus on snacking, is intended to complement Target’s flagship food and beverage brand Good & Gather.

Good & Gather generated $2 billion in sales last year.

In its most recent earnings, Target said it has 10 owned brands with $1 billion in sales, including four with more than $2 billion in sales.

Other Target private-label brands include women’s apparel brand A New Day, the budget-friendly Market Pantry food label, and home brand Opalhouse.

Target stock has rallied 65.4% over the past year while the S&P 500 index
SPX,
+1.42%
has gained 34.5% for the period.