WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red

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. Tornado Touches Down In Northwestern Minn.
  2. HSSR: Sept. 19, 2014 - Coach Of The Week – Bill Weiss
  3. HSSR: Sept. 19, 2014 - Tyrone Carter's 1-On-1 Coaching
  4. An Alligator On The Loose In Minnesota?
  5. Mike's Mix: The Big Easy

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 This material may not be published, broadcast, rewritten or redistributed.)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
Follow

Get every new post delivered to your Inbox.

Join 1,866 other followers