Target profit rises as annual revenue tops $100 billion

Target Corp. posted strong sales gains in the holiday quarter, capping a two-year pandemic in which the retailer grew its business by nearly $30 billion in revenue.

Comparable sales, which include sales from stores or digital channels operating for at least 12 months, rose 8.9% in the quarter ended Jan. 29 from a year earlier, the company said. Digital sales increased by 9.2%.


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