MINNEAPOLIS — Target Corp. here said Wednesday it is well-positioned for the fourth quarter and expects comparable-store sales to be the best of any quarter in the last three years.
For the third quarter, which ended Oct. 30, the company on Wednesday said net income rose 22.6% to $535 million, with total revenues — including sales and credit card revenues — up 2.2% to $15.6 billion and comps up 1.6%.
For the year to date, net income increased 21.4% to $1.9 billion, with total revenues climbing 3.4% to $46.7 billion. The results contrast with those of Wal-Mart Stores, which on Tuesday reported a decline in U.S. same-store sales, although international growth was strong.
