Target

(TGT) - Get Report

raised its September same-store sales forecast Monday, projecting roughly 5% growth for the month.

The discount retailer said on a prerecorded call that based on sales for the first three weeks of the month, as well as expectations for the remaining two weeks, it expects same-store sales to increase in a range "surrounding 5%."

Target's earlier projections called for a 3% to 5% rise in same-store sales, or sales at stores open at least a year.

The higher forecast comes after Target's same-store sales for the past two months missed Wall Street's expectations, fueling broader concerns about the health of consumer spending.