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Target forecasts fiscal-year profit growth, $2 billion for share buybacks


    (Reuters) - U.S. retailer Target Corp on Tuesday forecast a rise in profit and sales this fiscal year and said it would have the capacity to buy back $2 billion worth of its shares this year.

    TARGET (TGT.NY)said it expected adjusted earnings per share, which excludes data breach costs and other expenses, of between $4.45 and $4.65 for the full year to January 2016, compared with last year's $4.27 and the market consensus for $4.51 according to Thomson Reuters I/B/E/S.

    (Reporting by Nathan Layne; Editing by Lisa Von Ahn)