said December same-store sales fell 0.1%, reversing analysts' expectations, but total sales rose 5.4% for the month.
Analysts polled by
First Call/Thomson Financial
were expecting same-store sales to increase 0.7% for the month. Total sales for the general merchandise retailer, which is based in Minneapolis, rose to $6.09 billion from $5.78 billion a year ago.
The company said despite disappointing sales in December, it continues to expect fourth-quarter earnings that meet or exceed Wall Street's earnings forecast of 58 cents a share. The company earned 56 cents in the year-ago period.
Shares of Target gained 25 cents, or 0.7%, to $36.50 in recent
New York Stock Exchange