07:14 AM EST, 01/16/2025 (MT Newswires) -- Target ( TGT ) said Thursday it raised its Q4 comparable sales growth forecast to around 1.5%, up from its previous expectation of flat sales.

Analysts polled by FactSet expected flat growth.

The company reaffirmed its Q4 and full-year adjusted earnings per share guidance of $1.85 to $2.45 and $8.30 to $8.90, respectively.

Target ( TGT ) said comparable sales for November and December increased by 2%, fueled by nearly a 3% increase in traffic across store and digital channels.

Shares of the company rose more than 2% in premarket trading.