The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending.

Target shares sank 7% Wednesday morning after the retail giant lowered its full-year sales projection following mixed first-quarter results.

Target's sales fell more than the Minneapolis-based retailer expected they would in the first quarter, and the company is warning they will slip for the rest of the year as shoppers limit spending.

Target Corporation faces declining sales, weak traffic, and margin pressures despite a 4.5% dividend yield. Click for my TGT earnings review and look at value.

MINNEAPOLIS — Target Corp. executives expect to blunt the “vast majority” of the cost impact from tariffs but haven’t ruled out the possibility of price increases, which chairman and chief executive officer Brian Cornell called a strategy of “last resort.”

Q1 results, an analyst from Telsey Advisory downgraded his rating on the shares to Market Perform from Outperform and reduced the price target to $110, down from

Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.

The TJX Companies, which also owns Marshalls and HomeGoods, maintained the same full-year outlook it released last quarter.

Target Corporation (NYSE:TGT) traded lower in early trading on Wednesday after posting weaker-than-anticipated Q1 results and lowering its full-year guidance. The Minneapolis-based retail giant reported comparable sales decreased 3.

A handful of retailers, including Walmart, have so far announced plans to raise prices because of tariffs. On Wednesday, Target said it aims to keep [price rises as small as possible](