Enter multiple symbols separated by commas

Target Reaffirms Sales Outlook For March

Target reaffirmed late Monday that it will meet its same-store sales growth goal of 11% to 13% for March.

Same-store sales are sales at stores opened at least a year and are considered the industry standard for measuring a retailer's health.

Target said in a pre-recorded call that its estimate for the five-week period that ends April 7 is based on its sales performance during the first three weeks of the month, combined with its outlook for the remaining two weeks.

Target along with other major retailers are expected to report final results for March on April 12.

Target also said on Monday that it expects to post a 4% to 6% same-store sales gain for the combined March-April period.

Analysts look at the combined March-April figure to get a better read of how spring fared because of the Easter. This year, an earlier Easter, which falls on April 8, will inflate March results at the expense of April.

Shares of Target rose 5 cents to close at $61.56 on the New York Stock Exchange, where it lost 41 cent in after-market trading. Target made its announcement after the regular markets closed.

Contact U.S. News


    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

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.