Target Corporation net retail sales for the month ended April 29, 2006 increased 17.3% to $3.974 billion from $3.387 billion for the four-week period ended April 30, 2005. On this same basis, comparable-store sales increased 10.4% from fiscal April 2005.
“Target's comparable store sales for the month of April were in line with our expectations, reflecting the effect of this year's later Easter holiday,” said Bob Ulrich, chairman and chief executive officer of Target Corporation.
Comparable Stores % Change Sales Total Sales -------------------------- (millions) % Change This Year Last Year ---------- ----------- -------------- ----------- April $3,974 17.3 10.4 1.3 March/April Combined $8,763 12.4 5.8 5.0 First Quarter $12,494 11.8 5.1 6.2