Home Depot Inc. reported its first-quarter earnings, revealing a slight miss on earnings per share (EPS) at $3.56 adjusted, compared to the expected $3.60, despite a revenue increase to $39.86 billion, up 9.4% year-over-year. The company's comparable sales decreased by 0.3%, with U.S. comparable sales showing a slight increase of 0.2%. Home Depot reaffirmed its fiscal year 2025 guidance, indicating no plans to raise prices due to tariffs. The company's performance reflects a resilient U.S. consumer base, with CEO Ted Decker noting that demand destruction is no longer a concern. Home Depot's stock rose 2% in premarket trading, suggesting investor confidence in the company's outlook despite the earnings miss. In contrast, rival Lowe's Companies Inc. reported a smaller-than-expected drop in first-quarter sales of $20.93 billion, with comparable sales down 1.7%. Lowe's maintained its full-year forecast, expecting sales to range from $83.5 billion to $84.5 billion and earnings per share between $12.15 and $12.40. The company highlighted growth in sales from home professionals and online channels, despite a challenging housing market. Target Corp., however, faced a significant sales decline of 3.8% in the first quarter, worse than expected, and cut its annual sales forecast to a low-single digit decline. The retailer attributed the drop to weakened consumer confidence, tariff uncertainty, and backlash from scaling back diversity, equity, and inclusion (DEI) initiatives. Target's CEO Brian Cornell mentioned that raising prices due to tariffs would be a 'last resort.' Target reported a 2.8% drop in sales to $23.85 billion for the quarter, with an EPS of $2.27, and its shares fell 3% before the opening bell.