Updated:
Original:

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.
Author:

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

Target is among more than a dozen major retailers in a joint venture developing a mobile-payment system, the Business Journal reports.

Click here, for the list of "10 Things You Didn’t Know about Target" (Hat tip to A Bullseye View).

Next Up

Screen Shot 2021-10-24 at 10.11.36 AM

Search for Wisconsin woman whose vehicle was found near Hinckley

Ashley L. Miller, 33, was reported missing on Sep. 24 after her vehicle was found without her in it.

Dak Prescott

Report: Dak Prescott will be 'ready to go' for matchup with Vikings

The Dallas quarterback is expected to be available for next Sunday's showdown.

Eddie Rosario

Where Eddie Rosario's championship series heroics rank since 2000

The former Twin put together an all-timer to help the Braves reach the World Series.

plane, Piper PA-32

2 dead after plane crashes near residence in rural Wisconsin

The aircraft also struck the house during the crash.

Screen Shot 2021-10-23 at 9.38.43 PM

1 dead after van crashes and lands on Highway 100 in Brooklyn Center

Northbound Highway 100 was shut down following the crash Saturday night.

Jess Peterson

Woman killed in crash ID'd as 'bad ass biker chick' with 'giving spirit'

The 30-year-old died in a motorcycle crash on Oct. 19.

Karl-Anthony Towns

Timberwolves' defense fuels win over Pelicans

The Wolves' have bought in on the defensive end as part of a 2-0 start.

Minnesota Wild

Ryan Hartman's OT goal helps Wild stay undefeated

The Wild improved to 4-0 with a win over the Ducks.

Mar'Keise Irving / Gopher Football

Gophers pound Maryland to stay in Big Ten West race

Four different players scored a rushing touchdown in a 34-16 victory over Maryland.

Father Paul Kubista at St. Mary of Czestochowa

Controversy after Delano priest shares vaccine misinformation in church bulletin

Father Paul Kubista is pastor at St. Mary of Czestochowa Catholic Church.

Related

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.

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 surprises Wall Street with higher July sales

Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.

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 confirms stores opening in Canada next year

The Minneapolis-based discount giant is firming up plans to enter its first market outside the United States. Target has released a list of 125 store locations in Canada that will open starting next spring. Its first 24 stores are all in Ontario. Later this year, Target will announce additional locations that will open in 2014.

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 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.