Target

(TGT) - Get Report

said Monday that it expects sales in October to reach the high end of its previous guidance.

After reporting earlier this month that sales at stores open for at least a year would likely increase 4% to 6% in October, the No. 2 U.S. discount chain said after Monday's closing bell that its growth would come closer to 6%.

That would roughly match the 5.6% growth logged in September.

Its shares dipped in after-hours trading by 6 cents, or 0.1%, to $47.69. During regular trading Monday, the stock gained 86 cents, or 1.8%, to $47.75.

Its chief competitor,

Wal-Mart

(WMT) - Get Report

expects to record lower same-store sales growth for the month, at 2% to 4%.