Comparable store sales jumped 3.6%, driven by higher footfalls to its stores and traffic growth in its digital platform. The comparable store sales for the quarter were also driven by a 4% jump in comp sales in January alone.
Outlook
For the first quarter of 2018, Target expects a low-single-digit increase in comparable sales, and both reported and adjusted earnings are expected in the range of $1.25 to $1.45.
For full-year 2018, the company forecasts reported and adjusted earnings per share to fall in the range of $5.15 to $5.45. The company anticipates a low-single-digit increase in comparable sales during this period.
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