Target Corporation net retail sales for the five weeks ended September 30, 2006 increased 13.4% to $4.885 billion from $4.306 billion for the five-week period ended October 1, 2005. On this same basis, comparable-store sales increased 6.7% from fiscal September 2005.
Target's sales in September were well above
expectations, driven in part by favorable weather. As a result of better-than-expected performance in retail operations and the
ongoing strength of the credit card operations, the company now expects to produce
third quarter earnings per share above the current median First Call estimate of 53 cents.
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