Retail Earnings Continue; Target Disappoints While Lowe's Reaffirms Guidance
1. Target reported a nearly 3% drop in first quarter sales. 2. Lower consumer sentiment and tariffs led to a cut in full year outlook. 3. Target shares fell nearly 4.5% in premarket trading. 4. Efficiency gains are overshadowed by sales revenue softness. 5. Retail sector is experiencing diverging earnings patterns.