Target (TGT), Lowe's (LOW), and TJX Companies (TJX) reported strong first-quarter earnings on May 20, 2026. All three retailers surpassed analyst estimates for revenue and profit. The companies subsequently raised their sales and earnings forecasts for the full year.
Target’s comparable sales grew 5.6%, ending a four-quarter streak of declines. Customer traffic increased by 4.4% during the period. The company reported an adjusted EPS of $1.71, exceeding market expectations. Target raised its full-year sales growth outlook to approximately 4%.
Lowe's delivered its fourth consecutive quarter of positive comparable sales. Online sales for the home improvement retailer surged 15.5%. These results suggest household spending remains robust despite broader economic concerns.