Target Raises Q4 Guidance on Stronger Expected Holiday Sales

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Target Raises Q4 Guidance on Stronger Expected Holiday Sales
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Target now expects fourth quarter comparable sales growth in a range around 3.4 percent, consistent with results in the November/December period. This would translate into full-year 2017 comparable sales growth of just over 1 percent. Sales from new and non-mature stores are expected to contribute approximately 70 basis points to Target's fourth quarter sales growth. Combined with the impact of a 53rd week in the 2017 fiscal year, Target's total sales are expected to grow more than 9 percent in the fourth quarter.

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