Target: 2.8% sales growth over holiday season

(CercleFinance.com) - Target has announced that its total sales during the holiday season - i.
e., the last two months of the calendar year in the US - rose by 2.8% y-o-y, including a 2% LFL increase.

Sales were driven by a nearly 3% increase in foot traffic, with gains both in stores and online, the low-cost retailer says, which also claims record sales for Black Friday and Cyber Monday.

Target now expects comparable sales growth of around 1.5% for Q4 (ending January), and continues to expect adjusted EPS of $1.85 to $2.45 for this period, or $8.30 to $8.90 for the full year.


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