During the holiday quarter, Target experienced a decrease in sales and profits, with net income reaching $1.1 billion, exceeding Wall Street's forecasts, as reported by FactSet. This decline was attributed to "soft" February sales, influenced by cold weather, prompting Target to lower its annual sales growth prediction to 1%. Target's chief financial officer, Jim Lee, highlighted the impact of diminishing consumer confidence on their discretionary product range. The company also stated that tariffs and weakening consumer confidence are squeezing its profits.