GO
Loading...

Target Sees Jan. Same-Store Sales Hitting Goal Of Up 3.5%-5.5%

Target said in a mid-month update that same-store sales are on track to hit a previous forecast of 3.5% to 5.5% increase.

The Minneapolis, Minn.-based retail chain will report January sales on Thursday, Feb. 8.

Target said sales in the latest period are for a five-week period compared with a four-week period in the year earlier.

A year ago, Target posted same-stores sales growth of 5.2%.

Same-store sales is a measure of sales at stores open at least a year and are an important benchmark of a company's underlying strength.

When Target reports its January sales numbers it will provide them in two different ways-for the five weeks ending Feb. 3, and for four weeks ending Jan. 28. The company expects this will make for a better comparison.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • IBM reports mixed results

    Sherri Scribner, Deutsche Bank Research, weighs in on Big Blues' quarterly numbers of $2.91 Adj. EPS on revenues of $19.59 billion. Also Scribner provides perspective on the tech giant's cloud growth and new products.

  • Wall Street seeks to extend rebound

    With the flood of earnings continuing today, stocks look to add to Monday's rally that saw the major averages chalk up their best gains of April.

  • Cramer: Make These Changes Now

    How "Mad Money" host Jim Cramer would lay out his own portfolio.