Both Target and Lowe's reported mixed quarterly results and cautious full-year outlooks
Two major retailers are moving lower this morning following their latest earnings reports. Target Corp (NYSE:TGT) and Lowe’s Companies Inc (NYSE:LOW) each posted mixed results, with cautious outlooks and macro headwinds weighing on investor sentiment.
Target stock is down 7% at $91.32, after the retailer missed first-quarter revenue estimates and slashed its full-year sales outlook. Executives pointed to tariff uncertainty, weaker discretionary spending, and consumer backlash to recent diversity, equity, and inclusion rollbacks as key pressures. The retailer’s earnings of $2.03 per share topped estimates, but revenue of $24.53 billion fell short of the $24.52 billion consensus. Year to date, TGT is down 32.4%, with its descending 50-day moving average stalling out rallies this month.
Lowe's stock is off 1.4% at $227.79, despite beating bottom-line expectations with first-quarter earnings of $2.92 per share, versus $2.88 expected. Revenue came in just shy at $20.93 billion, missing by a hair. The company reaffirmed its full-year outlook, including earnings guidance of $12.15 to $12.40 per share and comparable sales growth between flat and 1%. LOW is now down 6.7% in 2025, and is staring up at its 80-day trendline.
Both stocks are seeing elevated intraday options activity, with volume running at 4 times the average pace for each. So far, 2,884 calls and 2,063 puts have traded on Target, while Lowe’s has seen 2,908 calls and 2,075 puts cross the tape.