Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.

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

For fiscal 2025, the company said it now expects a low-single digit decline in sales, and GAAP EPS of $8 to $10. Adjusted EPS, which excludes the gains from the litigation settlements in the first quarter, is expected to be approximately $7 to $9.

Minneapolis-based retailer put its chief operating officer, Michael Fiddelke, in charge of a new unit that will find ways to change faster and add efficiencies.

Black entrepreneurs ​who sell products through the retailer ​say sales ​have dropped due to the boycotts against​ Target’s DEI rollback, and they​ fear losing their ties to the company.