Target Q4 Profit Rises, Sees Q1, FY18 Profit In Line With View; Stock Down

Target Corp. (TGT) on Tuesday reported a 35 percent increase in profit for the fourth quarter of 2017 from last year. The fourth quarter comparable sales increased 3.6 percent, while quarterly sales grew 10.0 percent, reflecting the impact of an additional week in the latest-quarter. Traffic grew 3.2 percent in the fourth quarter. The company reaffirmed outlook for fiscal year 2018.

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