Target Corp reported that sales for the four weeks ended June 2 increased 10.1% to $4.33 billion from $3.93 billion a year ago. On this same basis, comparable-store sales increased 5.8 percent. In the 2006 May period, comps grew 5.7%.
“Our comparable store sales in May were in line with our expectations,” said Bob Ulrich, chairman and chief executive officer of Target Corporation.
In the year-to-date period, revenues increased 9.3% to $17.9 billion, with comps ahead 4.7%.
