Home improvement retailer Lowe's Companies Inc. (LOW) reported a profit for the first-quarter that climbed 73.1 percent from last year. Discount retailer Target Corp.'s (TGT) first-quarter profit surged from the previous year. Off-price retailer TJX Companies Inc. (TJX) reported a profit for the first-quarter compared to a loss in the prior year.
Lowe's, Target and TJX's quarterly earnings per share topped analysts' expectations.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.