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BRIEF-Target sees FY same-store sales in line with 2012 rate of 2.7 percent
February 27, 2013 / 4:16 PM / in 5 years

BRIEF-Target sees FY same-store sales in line with 2012 rate of 2.7 percent

CHICAGO, Feb 27 (Reuters) - Target Corp : * Sees FY same-store sales in line with 2012 rate of 2.7 percent * Sees FY sales growth about 2 percent * Sees u.s. retail EBITDA margin rate in range of 10.3 percent for 2013 * CFO sees $2.3 billion in u.s. investments in 2013 * CFO sees about $1.5 billion in canadian capital investments in 2013,

including expanding 40 locations * Sees about $1.5 billion more in share repurchase beyond $600 million from

receivables sale in 2013 * CFO says sales results were somewhat softer than expected so far in February * CFO says daily volatility elevated, sales trends have improved somewhat as

month progressed * Sees Q1 same-store sales flat to up 2 percent * Sees same-store sales improvement particularly in Q2 and Q3, has tempered

view of Q4

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