Target beats expectations, boosts forecast

The Minneapolis-based discount retailer reported a 1.2 percent increase for the first three months of 2012. Target is raising its full-year profit guidance.
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The Minneapolis-based discount retailer reported a 1.2 percent increase for the first three months of 2012. Target is raising its full-year profit guidance.

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Target tops Wall Street expectations, boosts full-year outlook

The Minneapolis-based cheap chic discount giant posted better-than-expected second-quarter revenue. Target also raised its full-year profit outlook for the third quarter that is well above analysts' expectations.

Warm weather gives Target sales a boost

The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.

Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.

Target boosts dividend by 20 percent

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.

Target February sales up 8 percent to beat expectations

The Minneapolis-based retail giant says food and health care products were the strongest categories. Analysts expected a 5.2 percent rise.

Target sales beat expectations, add to strong August for retailers

Target saw sales figures climb more than four percent for the first four weeks of August. That beat the expectations of analysts who thought the Minneapolis retailer would barely clear three percent. Back to school retail spending was generally strong around the country, even though surveys show consumers are uneasy.

Target Corp. revenue tops expectations

The Minneapolis-based retailer reports sales at stores open at least a year grew 4.3 percent in January. That easily beat Wall Street expectations of 2.1 percent.

Target executives net millions as stock soars

Shares for the Minneapolis-based discount retailer have surged 130 percent since late 2009 -- up 20 percent since the beginning of 2012. The Star Tribune writes Target's P-Fresh grocery format, Red Card program and exclusive merchandising partnerships have led to higher traffic and bigger purchases per visit. Four top executives, including CEO Gregg Steinhafel, have reaped millions of dollars by selling some shares.