WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Business

Target Key Revenue Figure Up In September

View Comments
(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Full Interview: Jesse Ventura Talks After Trial
  2. 4 Things To Know For 7/30
  3. Remarkable Softball Player Gets A Look At His Dream Job
  4. Lake Calhoun Hosting Paddle For Humanity
  5. The Lowdown: 'N Sync Album & 'Sharknado 2'

NEW YORK (AP) – Target says a key revenue figure rose 2.1 percent in September as shoppers picked up back-to-school items and groceries.

Analysts expected a 2.2 increase for revenue in stores open at least one year.

Total sales for the five weeks ended Sept. 29 rose 2.6 percent to $6.08 billion. The strongest categories were food and health and beauty.

Revenue in stores open at least one year is a key metric of a retailer’s financial health because it excludes results from stores that open or close during the year.

Minneapolis-based Target expects October revenue in stores open at least one year to rise in the mid- to low-single digit percentage range.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus