NEW YORK (AP) — THE RESULTS: Target's net income for the second quarter was unchanged as results were dragged down by expenses related to its upcoming move into Canada. But the cheap chic discounter saw a solid uptick in spending by customers.

BEHIND THE RESULTS: Target's business has been fueled by two initiatives: It has been offering a larger selection of food and also a program it started in 2010, which gives shoppers a 5 percent discount when they pay with Target-branded credit and debit cards.

THE OUTLOOK: Target offered upbeat profit outlooks. Target forecast earnings per share for the current quarter to be anywhere from 83 cents to 93 cents. Analysts surveyed by FactSet expected 77 cents. Target also raised its profit guidance for the year by a nickel to $4.65 to $4.85 per share. Analysts had been expecting only $4.30 per share.