Target (TGT) reports comparable store sales rose 1.2% during Q2 as a higher average transaction amount offset a 1.4% drop in the overall number of transactions. Analysts expected same-store sales growth of 2%-3%.
REDcard penetration rose to 18.7% from 12.8% a year ago.
Target opened 44 stores in Canada during the quarter to bring its total in the nation to 68.
The company sees FY13 EPS falling in the low end of its previously set range. (PR)