Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December. Black Friday and Cyber Monday were record sales days,

Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.

Target Corp. raised its sales guidance following a better-than-expected holiday season, bolstering the company’s turnaround efforts.

Analysts surveyed by LSEG had expected fourth-quarter comparable sales to rise 0.2%. However, the retailer maintained its forecast for fourth-quarter and full-year adjusted earnings per share to be in the range of $1.85 to $2.45 and $8.30 to $8.90, respectively.