UPDATE: Target Reports 2.8% Rise In May Same-Store Sales

Target Corp TGT reported a 2.8% rise in its May same-store sales on Thursday. Analysts were expecting same-store sales to increase 3.5%. Its net sales for the four weeks ended May 28 surged 3.8% to $$4.8 billion. Target shares fell 0.33% to $48.40 in pre-market trading. Read more from Benzinga's Company news.