Target Predicts Higher Comps in Grocery, Strong Q4

“We think the majority of what we saw in October was cycling over what was by far our largest PFresh remodel program in one cycle last year.” — John J. Mulligan, EVP and CFO, Target

MINNEAPOLIS — Target Corp. here said it is projecting comparable-store sales increases in the mid- to high-single digits after posting what analysts described as relatively soft sales gains in those categories in October.

“We think the majority of what we saw in October was cycling over what was by far our largest PFresh remodel program in one cycle last year,” said John J. Mulligan, executive vice pr

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