NEW YORK ( TheStreet) -- Target ( TGT) said its same-store sales in March rose 7.3% and the retailer raised its first-quarter guidance. Analysts were expecting same-store sales to rise 5.4%. Net retail sales jumped 7.9% to $6.4 billion, Target said. "March sales were well above our expectations, reflecting a healthy underlying trend combined with the benefit of an earlier Easter and favorable weather this year," CEO Gregg Steinhafel said in a statement. Target raised its first-quarter adjusted earnings outlook to between $1.04 and $1.10 a share; it had previously seen adjusted profit of as much as $1.07 a share. Shares of Target rose 1.18% in premarket trading Thursday to $58.50. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.