Target met analyst expectations with its fiscal second quarter earnings announcement today. Earnings totaled $679 million, or $0.92 per share,, compared to $594 million, or $0.79 per share, in the same quarter last year. Target’s retail segment netted a 3.8% rise in sales in the quarter, boosting net revenue 3.1% vs. last year, to $15.5 billion. Same-store sales increased 1.7%, which compares to the 1.4% dip in overall same-store that rival Wal-Mart posted yesterday.

Target chairman Gregg Steinhafel said his company is well positioned to continue to gain profitable market share regardless of the pace of economic recovery.

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